Brazil Boosts IMF Lending Capacity

By Ivy Mungcal // 07 October 2009

Brazil has pledged to buy USD10 billion worth of bonds from the International Monetary Fund to help the institution boost its resources,

reports. The pledge was made in response to an appeal by IMF Managing Director Dominque Strauss-Kahn for additional funds.

Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.