EU may Provide More Funding for IMF

European states may offer supplementary funding to boost the resources of the International Monetary Fund, according to a draft that will be presented in a European Union financial summit next week. The bloc previously offered $105.5 billion to scale up IMF's lending capacity amid the crisis. "In principle, member states stand ready to take their share of further financing needs, if they arise over the medium term through the New Arrangements to Borrow, in the context of a fair burden-sharing at the global level," according to the draft obtained by

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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.