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G-20 states to decide on replenishment of IMF resources in April

February 27, 2012, 8:09 UTC+3
A final decision to increase the resources of the International Monetary Fund will be taken in Washington at the next meeting of the finance ministers from the G-20 states
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MEXICO, February 27 (Itar-Tass) —— A final decision to increase the resources of the International Monetary Fund will be taken in Washington at the next meeting of the finance ministers from the G-20 states in April, Russian Finance Minister Anton Siluanov told Russian reporters on Sunday in comments on the results of the meeting of the finance ministers and the presidents of the Central Banks from the G-20 states in the Mexican capital.

“Most countries stated that the Europeans should make the first step to build up their capabilities in the European Financial Stability Fund and to ensure their financial stability from their own resources,” Siluanov noted. After that other countries can make the second step in order to replenish the IMF resources, the minister pointed out.

At the Mexico meeting IMF Managing Director Christine Lagarde stated about the need to decide on the replenishment of the IMF resources by 500 billion dollars. The participants in the forum stated that all of them are ready for such funding, but should see the first steps of the European states. The G-20 finance ministers decided to wait for the results of a summit in Brussels at the beginning of next week. The summiteers will discuss additional measures to ensure financial stability in the euro zone.

 

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