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WASHINGTON, April 19 (Reuters) - The International Monetary Fund is likely to achieve the touted $400 billion boost to its financial firepower as more countries signalled readiness to contribute funds, Japan's finance minister said, in a sign the G20 has made progress in building up a global firewall to contain the euro zone debt crisis.
The IMF may even manage to collect more than the $400 billion target when including countries that cannot make a firm commitment now but are willing to contribute later, Jun Azumi told reporters after attending the Group of Seven and Group of 20 gatherings in Washington on Thursday
Originally posted by chemistry
This story is from Reuters today, but I also just watched it on TV (on NHK World):
Woah! Is this an indicator that something will happen soon? The IMF gets a big boost, whilst the EU and the the US economy are in dire straits. Will the EU or US economy crash very soon, only to be bailed out by the IMF?
Does anyone have another take on this?edit on 19-4-2012 by chemistry because: linkedit on 19-4-2012 by chemistry because: grammar
The global lender's bid to win a big boost in funding to handle the euro-zone debt crisis