FINANCIAL News, Money, Banks, Economic and Financial Crisis, Apr 21, 2012

IMF warns Europe not to ease up debt battle MiamiHerald.com The IMF helps countries with financial crises; the bank provides loans for development projects in many poor nations. Both 188-nation organizations are based in Washington. Lagarde said the extra resources would help support global economic stability. See all stories on this topic »

IMF Nearly Doubles Its War Chest for Crisis Wall Street Journal European Central Bank President Mario Draghi said the newmoney would be useless unless governments took steps to rein in their budgets and restructure their economies. The deal came together as finance ministers and central bankers from the Group of ... See all stories on this topic » Wall Street Journal

IMF Gets Hundreds of Billions More for Emergency Loans Voice of America ... 2012 IMF Gets Hundreds of Billions More for Emergency Loans Jim Randle | Washington Nations around the world are pledging more money for emergencyloans to help member nations of the International Monetary Fund cope with any new economic crisis. See all stories on this topic »

G20 doubles IMF's war chest amid fears on Europe Reuters In a central bank statement, China said it "will not be absent from the table" of increasing funds for the IMF, but it did not specify any amount. GRAVESTECONOMIC THREAET Worries about the debt crisis have dominated talks among finance officials in ... See all stories on this topic »

US is outlier in push to boost IMF resources CNN International Lagarde has repeatedly warned that the global economy remains fragile, despite an improving growth outlook. She has called for policymakers to renew the sense of shared purpose that prevailed during financial crisis, when world leaders agreed to funnel ... See all stories on this topic »

IMF's bid for funds just part of Europe's struggle BusinessWeek Before they do, finance ministers and central bank governors of the Group of 20 nations meet Friday to discuss Europe's debt crisis. The G-20 comprises traditional economic powers such as the United States, Germany and Japan and faster-growing emerging ... See all stories on this topic »

Europe urged to quell crisis as IMF wins $430-bn boost Business Standard European governments were warned against relaxing their efforts to end two years of debt turmoil as the International Monetary Fund won more than $430 billion to safeguard the world economy. IMF Managing Director Christine Lagarde's push for a doubling ... See all stories on this topic »

Geithner to Europe: Take Strong Action on Debt Crisis Wall Street Journal Also, an official with knowledge of the matter said the ECB signaled to the IMF meetings that it is not currently considering more cheap loans. Meanwhile, markets are increasingly concerned that Spain may not be able to finance its debt obligations and ... See all stories on this topic » Wall Street Journal

HIGHLIGHTS-G20, IMF/World Bank meetings in Washington Reuters INTERNATIONAL MONETARY AND FINANCIAL COMMITTEE'S COMMUNITY ON FISCAL REFORMS: "In advanced economies, further actions are needed in many countries to achieve credible fiscal consolidation and government debt reduction, while avoiding excessively ... See all stories on this topic »

IMF doubles lending capacity CNN "This signals the strong resolve of the international community to secure globalfinancial stability and put the world economic recovery on a sounder footing," said IMF managing director Christine Lagarde. The announcement came near the end of a week ... See all stories on this topic »

Chancellor George Osborne criticised over UK £10bn IMF loan BBC News The money, pledged at a meeting in Washington, doubles the fund's firepower, which was in danger of becoming overwhelmed by the eurozone crisis. It can lend that money to other countries infinancial stress, with the aim of creating global financial ... See all stories on this topic » BBC News

IMF allows eurozone to stay in its fantasy world Telegraph.co.uk By Liam Halligan For some time, International Monetary Fund supremo Christine Lagarde has argued that a stronger “global firewall” is needed, to contain “any future financial crises”. Well, at this weekend's IMF-World Bank meetings in Washington, ... See all stories on this topic » Telegraph.co.uk

Flaherty leads minority against IMF resource boost Globe and Mail Finance Minister Jim Flaherty has spent his entire six-year career as a federal politician in government. But within the Group of 20economic powers, Mr. Flaherty has taken on the role of leader of the opposition. Virtually the entire membership of the ... See all stories on this topic » Globe and Mail

Japan's IMF Pledge Makes It No. 1 Fund Contributor Wall Street Journal (blog) By Ian Talley The US was one of the few countries in the Group of 20 largesteconomies that said it wouldn't contribute any cash to bolster the IMF'slending base. Japan, meanwhile, was one of the first non-European countries to commit money to the IMF ... See all stories on this topic »

IMF raises $430 billion, boosting resources for troubled nations Los Angeles Times Associated Press WASHINGTON — The International Monetary Fund says that it has raised more than $430 billion in an effort to assure finance markets that it has sufficient firepower to handle any new problems from Europe's prolonged debt crisis. IMF ... See all stories on this topic »

AT A GLANCE: IMF, World Bank, G-20 Spring Meetings In Washington Wall Street Journal That reassurance comes amid concerns that the money would be used to bail out another euro-zone country. The draft said, "These resources will be available for the whole membership of the IMF, and not earmarked for any particular region. See all stories on this topic »

G20 doubles IMF war chest Irish Times The $1 trillion figure includes both the IMF's existing and newly won resources, as well as loans already committed. The IMFwould be able to use its increased firepower to help any country or region in need. But Europe's crisis was the driving force ... See all stories on this topic » Irish Times

Osborne criticised over "IMF bailout bull" The Independent "This signals the strong resolve of the international community to secure globalfinancial stability and put the world economic recovery on a sounder footing. "These resources are being made available for crisis prevention and resolution and to meet ... See all stories on this topic »

IMF faces reform pressure after big fund-raiser AFP By Veronica Smith (AFP) – 32 minutes ago WASHINGTON — TheIMF, newly flush with a huge crisis fund, faced pressure Saturday to get moving on promised reforms that give a greater voice to developing countries by reducing Europe's clout. See all stories on this topic » AFP

In Britain, IMF donation sparks discord UPI.com Responding to an outcry over the money, Osborne said, "Britain has a massive interest in a stable world economy and institutions like IMF help ensure that stability -- if you don't have that you lose jobs in Britain and the British economysuffers. See all stories on this topic »

Taxpayer stumps up another £10bn to save euro Telegraph.co.uk This decision was not entered into lightly. It is in our interests to do what is necessary for the economy.” Britain contributes 4.5 per cent of IMF funding and Mr Osborne has already committed about £29 billion. After the previous financial crisis, ... See all stories on this topic » Telegraph.co.uk

Chancellor Criticised Over £10bn IMF Pledge - World News Now San Francisco Luxury News Finance ministers and central bank governors struck the deal, which should boost the IMF's resources by $ 430bn, at a meeting in Washington. Alongside the UK's increase, Japan is to contribute an extra $ 60bn, South Korea $ 15bn, Switzerland $ 10bn and ... See all stories on this topic »

Murdoch mocks UK govt as arrives for ethics inquiry Reuters * Murdoch due to give evidence at media ethics inquiry * His papers subject of hacking and illegal payments probes * He attacks UK govt over IMF loan, taxes and wind turbines By Peter Griffiths LONDON, April 21 (Reuters) - Rupert Murdoch on Saturday ... See all stories on this topic »

IMF Doubles Its Lending Firepower Peace FM Online The money is to help economies in trouble and includes just under £10bn ($15bn) from the UK in loans to the International Monetary Fund (IMF). It is part of a global effort to bolster the fund's lending capacity, which IMF managing director Christine ... See all stories on this topic »

IMF buys world economy a buffer Toronto Star The IMF's increased firepower should help calm increasingly volatile financial markets, said Craig Alexander, chief economist with TD Bank Financial Group. “The number one financial crisisfacing the world is the European fiscal mess. See all stories on this topic » Toronto Star

Osborne signs £10bn cheque for new bailout loan to the IMF The Independent "Jobs and growth in Britain depend on stable world economy," he said. "That needs a strong IMF. The UK sees itself as part of the solution to the global debtcrisis rather than adding to it." But he was quick to point out that the extra £10bn in loans, ... See all stories on this topic »

Spain, Italy Make 'Remarkable' Progress on Debt, Draghi Says Bloomberg Governments committed more than $430 billion in fresh money to the IMF after the Group of 20 finance ministers and central bankers met in Washington today to help it protect the world economy against debt turmoil in Europe. See all stories on this topic »

G20 pledges more than $430b for IMF ABC Online Worries about the eurozone's debt crisis have dominated talks among financeofficials in Washington this week for the semi-annual meetings of the IMF and the World Bank. The IMF has warned the crisis presents the gravest risk to the global economic ... See all stories on this topic »

S'pore pledges S$5b to boost IMF resources TODAYonline ... US$4 billion (S$5 billion) to bolster the International Monetary Fund's war chest, as emerging economies responded to a request by IMF chief Christine Lagarde for at least US$400 billion in new money to draw a line under the euro zone debt crisis. See all stories on this topic »

US says no reform deal for IMF firewall donors Times of Oman US: Countries that pledged billions to an IMF crisis fund should not expect that will affect the pace of the crisis lender's governance reform or bring them a greater voice at the IMF, a US official said Friday. Speaking after the International ... See all stories on this topic »

£44billion gab threatens eurozone crisis bailout This is Money The shortfall means more controversy for the scheme, unveiled with great fanfare on Friday and supposed to give the International Monetary Fund a £268billion war chest to fight financial crises. Chancellor George Osborne flew back to Britain last night ... See all stories on this topic » This is Money

G20 adds $430 billion to International Monetary Fund's debt arsenal Vancouver Sun The Group of 20 nations on Friday pledged $430 billion in new funding to the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the eurozone debt crisis. The promised funds from advanced and ... See all stories on this topic »

IEFS Broadens its Horizons at the IMF Headquarters The Munch Online According to the IMF website, it “strives to foster global economic stability and growth” by providing loans and financial advice to its 187 member nations. Driven primarily by the titan American economy (closely trailed by China and Japan), ... See all stories on this topic »

Verbatim: G-20 Communique From Finance Ministers, Central Bank Governors Meeting NASDAQ We, the G20 Finance Ministers and Central Bank Governors, met to assess progress on the fulfillment of the mandates given to us by our Leaders and to address ongoing economic and financial challenges and promote robust growth and job creation. 2. See all stories on this topic »

$430B pledged to IMF to raise global firewall Business Mirror WASHINGTON—The International Monetary Fund's (IMF) resources to respond to the global debt crisis will be boosted by $430 billion, the Group of 20 leading advanced and emerging economies announced on Friday. The G-20 agreed “to enhance IMF resources ... See all stories on this topic »

S'pore's US$4b pledge a small price to pay for stability: analysts Channel News Asia By Pamela Koh | Posted: 21 April 2012 2204 hrs SINGAPORE: Singapore has pledged US$4 billion (S$5 billion) to the IMF - to increase its capability to provide solutions to the ongoing economic crisis. Although the pledge is the largest amount ever ... See all stories on this topic »

IMF Nearly Doubles Its War Chest for Crisis The world's top finance officials agreed to boost their shared financialfirepower, ... European Central Bank President Mario Draghi said the newmoney would be ... the moment to a gathering during the global economic crisis in early 2009. ... The euro zone already accounts for a disproportionate share of IMF loans after the ... online.wsj.com/.../SB10001424052702303513404577355862...

IMF Gets Hundreds of Billions More for Emergency Loans Nations around the world are pledging more money for emergency loans to help ... of the International Monetary Fund cope with any new economic crisis. ... Bank Governors and Finance Ministers from the world's 20 leadingeconomies. www.voanews.com/.../IMF-Gets-Billions-More-for-Emergenc...

IMF doubles its lending firepower The money is to help economies in trouble and includes just under £10bn ...fund's firepower which threatened to become overwhelmed by the eurozonecrisis. ... All UK loans to the IMF are financed from the UK's Official Reserves, remain UK ... www.bbc.co.uk/news/business-17790831

BBC NEWS - IMF doubles its lending firepower The money is to help economies in trouble and includes just under £10bn ...fund's firepower which threatened to become overwhelmed by the eurozonecrisis. ... All UK loans to the IMF are financed from the UK's Official Reserves, remain UK ... m.bbc.co.uk/news/business-17790831

IMF needs less money to fight crisis — RT Give us more money to fight the crisis has been IMF's mantra for the last year, now it's ... Finance Minister: Russia seeks for clear terms of financingthe IMF ... In January, the IMF chief called nations to boost the internationalloan fund by $500 ... Lagarde explained the IMF was reassessing risks to the global economy as ... rt.com/business/news/imf-lagarde-money-crisis-980/

WSJ: IMF Creates 'Global Firewall' Against Financial Crisis - Money ... The world's top finance officials has agreed to boost their shared financialfirepower ... the moment to a gathering during the global economic crisis in early 2009. ... The euro zone already accounts for a disproportionate share ofIMF loans after ... www.zawya.com/.../WSJ_IMF_Creates_Global_Firewall_Agai...

Debt crisis: Japan pledges $60bn to boost IMF war chest - Telegraph Japan has committed $60bn (£37bn) in new loans to the International Monetary... on new IMF funding at meetings this week of the institution and G20financial ... not need as much money as it had thought because economicrisks had waned. www.telegraph.co.uk/.../Debt-crisis-Japan-pledges-60bn-to-bo...

IMF gets hundreds of billions more for emergency loans - Bulgaria ... Nations around the world are pledging more money for emergency loans to help ... of the International Monetary Fund cope with any new economic crisis. ... Bank Governors and Finance Ministers from the world's 20 leadingeconomies. www.sofiaecho.com/.../1812386_imf-gets-hundreds-of-billion...

U.S. is outlier in push to boost IMF resources - CNN Money The IMF, which acts as the United Nations of global finance, is seeking to ...as the global economy faces renewed risks from the debt crisis in Europe. ...Japan also announced plans this week to provide $60 billion in additional IMF loans. money.cnn.com/2012/04/19/markets/imf-funding/index.htm

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