#IMF Managing Director Christine #Lagarde told a news conference that the new commitments would almost double the IMF’s lending power.
The International Monetary Fund has been advocating the need to build a stronger global firewall of additional resources to contain any further financial crises. Lagarde earlier told reporters April 19 that the global #economy has entered a “timid” recovery and still faces high risks, adding that the IMF needs to participate in the international recovery effort by building additional firepower to promote global economic stability.
#lending #Europe
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