Brazil Offers Massive Funding for IMF

Brazil is ready to provide $10 billion to boost the resources of the International Monetary Fund amid the global economic crisis,

reported. The move is part of the coordinated efforts by Brazil, Russia, India and China to improve global financial stability, according to Brazilian Finance Minister Guido Mantega. China offered $50 billion and Russia $10 billion to the fund.

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.