A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Monday, June 24, 2024

IMF to secure $400b funding for Europe

IMF to secure $400b funding for Europe(Washington) – The Group of 20 nations have stood ready to commit at least $400 billion to bulk up the International Monetary Fund, as IMF has been aiming to raise at least $400 billion; a doubling of its lending capacity, to ensure it has enough firepower to respond if Europe’s debt crisis escalates.
“We have been aiming at around $400 billion or beyond, and I am confident we will reach this objective in the G-20 meeting today,” EU Economic and Monetary Affairs Commissioner Olli Rehn said.
British Chancellor of the Exchequer George Osborne said his country will loan the IMF $15 billion as part of a drive expected to add more than $400 billion to the global lender’s resources.
Russia also said the G-20 was ready to pledge enough new funds to meet IMF chief, Christine Lagarde’s $400 billion target.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

Saudi Crown Prince & EU President discuss cooperation

Saudi Crown Prince Mohammed bin Salman received a phone...

HH Shiekh Mohammed welcomes Emirates Airline Senior Management

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...

UAE participates in BRICS Chief Justices Forum

The UAE, represented by Mohammed Hamad Al Badi, President...

Ministry of Energy recognizes Partners

Minister Al Mazrouei highlighted the Ministry's dedication to advancing...

Sheikh Hamdan Meets Dignitaries at Dubai Majlis

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown...

Sheikh Hamdan Bin Mohammed Receives Eid Greetings

His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al...

King Charles & Queen Camila grace Royal Ascot on First Day

King Charles and Queen Camilla made a notable appearance...

Shiekh Abdullah Meets President of Red Cross Committee

H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister...