3 EU Nations Bolster IMF Reserves

The International Monetary Fund will receive financing from three European nations. Belgium has offered some USD6.4 billion for the fund, while Malta and Slovakia will jointly provide USD765 million. The financing, Dow Jones Newswires reports, forms part of the European Union’s USD178 billion funding boost to help IMF mitigate the impacts of the global economic crisis.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.