IMF plans to raise $500 billion in new funds

christine-lagarde

The International Monetary Fund (IMF) plans to raise an additional $500 billion from member countries to boost its lending resources.

Following an executive board meeting on January 17, Christine Lagarde, the managing director of the IMF, said executive directors had recognised the importance of ensuring the fund had "adequate firepower" to help defuse  current global economic weaknesses and regional challenges, and that its management and staff would explore options for "increasing" the fund's

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