Bloomberg News

IMF Resource Boost Won’t Be Earmarked for Euro, Official Says

November 04, 2011

Nov. 4 (Bloomberg) -- The Group of 20 is considering three options to increase the resources of the International Monetary Fund, a European Union official said.

The proposals include increasing the lender’s special drawing rights or setting up a trust fund, the official said on condition they not be named. The boost in resources will not be earmarked for tackling the euro-area debt crisis, the official said.

To contact the reporter on this story: James G. Neuger in Cannes at jneuger@bloomberg.net

To contact the editor responsible for this story: Simon Kennedy at skennedy4@bloomberg.net


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