G-20 pledges more than $430 billion for IMF
A report says the resources will not be aim of any particular region and now be available for any member country of the IMF and these are intended to safeguard global financial stability. But in practice, the reason for this initiative is the crisis in the Euro Zone. The aim is to ensure that the International Monetary Fund has the resources to deal with a substantial deterioration in the European financial situation. The IMF could be called on to help countries in the Euro Zone or those outside if they were severely affected as a result.
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