Lagarde welcomes additional IMF funding

Christine Lagarde

Christine Lagarde, managing director of the International Monetary Fund, on June 19 welcomed pledges by 37 IMF countries to supply a total of $456 billion of additional funding.

Speaking at the G-20 summit in Los Cabos, Mexico, Lagarde said the money "puts the IMF in a much better position to help its 188 member countries restore sounder economic and financial conditions worldwide".

The additional funds almost double the IMF's lending capacity. "These resources are being made available for

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