France, UK Pledge More Resources for IMF

    France and the U.K. are expected to provide USD4 billion to boost the lending capacity of the International Monetary Fund. The loan will be directed to poor countries affected by the global recession. It will be drawn from the two nations' IMF currency reserves,

    reports.

    About the author

    • 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.