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IMF needs approx $350 billion more capital for euro crisis

IMF(The International Monetary Fund) need around $350 billion to remove euro crisis. Any recapitalization would not be part of a plan the euro zone aims to present later this month to stem its deepening debt crisis. there was little chance of an agreement on any capital increase being agreed at their two-day meeting. The IMF is weighing whether it could expand its rescue lending capacity through debt issuance or bilateral borrowing as part of a review of its crisis-fighting resources mandated by the lender’s managing director, Christine Lagarde.

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