Contact Us
Make My Homepage

IMF Moves to Calm Market Fears Over European Debt

Finance ministers and central bank governors hope the sizable increase in resources of the International Monetary Fund to more than $430 billion will be enough to handle any fresh crisis in the eurozone.

IMF Managing Director Christine Lagarde (Alex Wong, Getty Images)

Talks continue Saturday as the policy-setting committees of the IMF and its sister institution, the World Bank, meet.

The IMF helps countries with financial crises and the bank provides loans for development projects in many poor nations. Both 188-nation organizations are based in Washington.

On Friday, IMF Managing Director Christine Lagarde announced the new resources figure after discussions of the G-20 major economic powers.

She says some countries, including Russia, India, China and Brazil, have made private pledges but don’t want to issue public commitments until they’ve conferred with officials in their home capitals.

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.