Sign into fxTrade

Don't have an account? Register now

UK Ready to Commit Extra $11bn to IMF

Alistair Darling the UK’s Central Banker spoke ahead of the G20 meeting touching on the subject brought up in the last summit where all nations agreed to add extra support to the International Monetary Fund to face the current economic crisis around the globe:

Mr Darling, who was writing in the UK’s Guardian newspaper ahead of this weekend’s G20 meeting of finance ministers, said Britain would continue to lead international action both in response to the financial crisis and to help secure the recovery.

In April at the London G20 summit, world leaders agreed to triple the IMF’s resources to $750bn to help emerging market and low income countries cope with the financial crisis.

Mr Darling said that ministers would step up their efforts to secure the economic recovery and repair the world’s “failed” financial system at their meeting, which starts on Friday.

Financial Times

Forex Insights »

Posted under JPY at 1:57 am EDT, 05/20/2013
Posted under JPY at 1:55 am EDT, 05/20/2013
Leave a Comment
Forex Rates
Interest Rates

Some of OANDA's currency tools require Adobe's Flash Player.

May
20
Today’s Global
Market Events
All Day

CHF
Bank Holiday
EUR
French Bank Holiday
EUR
German Bank Holiday
CAD
Bank Holiday
 1:00pm

USD
FOMC Member Evans Speaks
6:45pm

NZD
Visitor Arrivals m/m
(F)N/A (P)1%
8:00pm

AUD
CB Leading Index m/m
(F)N/A (P)0.3%
9:30pm

AUD
Monetary Policy Meeting Minutes
11:00pm

NZD
Inflation Expectations q/q
(F)N/A (P)2.2%
NZD
Credit Card Spending y/y
(F)N/A (P)3.6%