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IMF chief calls for $500bn in additional financing

Funding needed to fight contagion effects from the eurozone crisis, says Christine Lagarde

AFP, Monday 23 Jan 2012
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Views: 418

The head of the International Monetary Fund on Monday called for an extra 500 billion dollars in funding over the coming years to fight potential contagion effects from the eurozone crisis.

"In the coming years, we estimate a global potential financing need of $1 trillion. To play its part, the IMF would aim to raise up to $500 billion in additional lending resources," Christine Lagarde said in a speech.


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