IMF resources set to rise by $430 billion

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The International Monetary Fund (IMF) is set to receive up to $430 billion to use for "crisis prevention and resolution".

The International Monetary Fund's International Monetary and Financial Committee (IMFC) and the Group of 20 (G-20) finance ministers and central bank governors on April 20 issued a joint statement announcing the pledges from countries all over the world.

"There are firm commitments to increase resources made available to the IMF by more than $430 billion in addition to the qu

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