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Developing economies proposal to double size of IMF shot down by main members

Saturday, October 15, 2011

IMF has very substantial resources uncommitted, said Geithner
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The outlines of the plan, that had the backing of several developing economies, emerged as G20 finance ministers and central bankers began meeting in Paris to discuss a world economy under threat from European nations mired in debt.
One G20 source said some policymakers backed injecting some 350 billion dollars into the IMF. Other options under consideration included loans, special purpose vehicles and note purchase

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