September 6, 2012 1:37 PM

printer

India announces contribution of 10 billion US dollars to IMF

India has announced a contribution of ten billion US dollars to International Monitory Fund, IMF. It is in line with commitments made by other G 20 member countries towards enhancement of IMF resources for crisis prevention and resolution. This was informed by the Minister of State for Finance, Namo Narain Meena in a written reply in the Rajya Sabha today. He said, the funds would be released in a phased manner as and when IMF calls upon India to make the resources available. Mr. Meena said that apart from India , China has also announced 43 billion US dollars contribution to IMF while Russia and Brazil have agreed to give 10 billion US dollars each to IMF.

Most Read
View All arrow-right

No posts found.