Bloomberg News

IMF May Not Decide on Europe Crisis Cash Till June, Spiegel Says

April 15, 2012

The International Monetary Fund may not decide until June whether to provide more money for the European bailout fund, Spiegel reported, citing an interview with Paulo Noguiera Batista, who represents Brazil and eight other South American countries at the IMF.

Batista said he doesn’t expect a decision to be made at IMF’s spring meeting, adding he thought the provision of more money is “less than certain,” according to Spiegel.

It is possible that a decision may not be reached before the G20 summit in June, Spiegel cited Batista as saying.

To contact the reporter on this story: Alex Webb in Frankfurt at awebb25@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net


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