14.10.2011 - 19:45 [ Reuters ]

U.S. rejects plan to strengthen IMF in euro zone crisis

One G20 source said emerging market policymakers backed injecting some $350 billion into the International Monetary Fund.

Treasury Secretary Timothy Geithner and his Canadian and Australian counterparts poured cold water on the idea. The IMF‘s dominant shareholders, including the United States, Japan, Germany and China, are content that the fund‘s $380 billion worth of resources is enough.