Economy World

IMF: the euro area releases 150 billion euros

On Monday during a conference call, the finance ministers of the euro zone agreed to grant an additional EUR 150 billion International Monetary Fund (IMF) in the form of bilateral loans, we read in a statement of the Eurogroup .

Several countries outside the euro area, notably Denmark, Poland, the Czech Republic and Sweden, have confirmed willingness to participate in “the increase of IMF resources.” Britain should clarify its contribution as part of the G20 in early 2012.

The EU welcomes the broadening of participation in the G20 to support the fund.

No other action was taken after the conference that lasted almost three hours.

 

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