IMF hopes to raise up to 500 billion dollars for its rescue fund. But
nations outside the eurozone are reluctant to take action, saying
efforts by the region's members are not enough.IMF Managing Director Christine Lagarde was speaking at the Brookings
Institution in Washington on Thursday ahead of annual IMF and World Bank
meetings.
Lagarde said European policymakers' efforts to address their sovereign debt crisis have provided some breathing space, but suggested that they should keep up and strengthen their efforts.
Lagarde said some improvement has been seen in the global economic climate but cautioned that risks remain high and the situation fragile. Lagarde referred to support expressed by many IMF members to increase its resources, saying she hopes to see development and progress during next week's IMF and World Bank meetings.
Lagarde said European policymakers' efforts to address their sovereign debt crisis have provided some breathing space, but suggested that they should keep up and strengthen their efforts.
Lagarde said some improvement has been seen in the global economic climate but cautioned that risks remain high and the situation fragile. Lagarde referred to support expressed by many IMF members to increase its resources, saying she hopes to see development and progress during next week's IMF and World Bank meetings.
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