India, being both a donor and recipient of aid, is planning to increase its contribution to the International Monetary Fund by USD4 billion to assist European countries with high sovereign debts. According to the Press Trust of India, the country’s pledge under IMF’s arrangement will increase to USD14 billion.

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    Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.