| Author (Person) | Pop, Valentina |
|---|---|
| Series Title | EUObserver |
| Series Details | 20.4.12 |
| Publication Date | 20/04/2012 |
| Content Type | News |
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EUObserver reported International Monetary Fund chief Christine Lagarde as warning on the 19 April 2012 of 'dark clouds' hanging over the global recovery, with the eurozone at the heart of the problem. She told reporters at the 2012 IMF–World Bank Spring Meetings in Washington D.C. that collective action was needed on the part of global policymakers to address a range of challenges. Lagarde said the euro zone was the epicenter of potential risk, but added that action taken during the last six months displayed significant determination to defend the common currency. Subsequently, the Group of Twenty (G-20) advanced and emerging market economies, along with the broader IMF membership, agreed on pledges to boost the IMFs lending capacity by more than $430 billion. IMF Managing Director Christine Lagarde told a news conference on the 20 April 2012 that the new commitments would almost double the IMF’s lending power. |
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| Source Link | Link to Main Source http://euobserver.com/19/115953 |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
