Bloomberg News

France’s Noyer Says ‘Powerful’ IMF Needed to Tame Markets

February 26, 2012

Feb. 26 (Bloomberg) -- Bank of France Governor Christian Noyer said a “powerful” International Monetary Fund with increased lending resources would help “dissuade” markets from targetting countries.

Asked whether the U.S., which has said it won’t contribute to higher IMF resources, was deterring other nations from pitching in, Noyer said he didn’t “sense extreme U.S. reluctance.”

Noyer spoke to reporters in Mexico City after a meeting of Group of 20 finance ministers and central bankers.

To contact the reporter on this story: Sandrine Rastello in Washington at srastello@bloomberg.net

To contact the editor responsible for this story: Flavia Krause-Jackson at fjackson@bloomberg.net


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