Japan to provide 60 billion US Dollars to the IMF

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Source: BBC
Japan will give 60 billion US Dollars in loans to the IMF to boost IMF lending capacity. The IMF has asked its members to contribute more funds to stabilize situation in the indebted Euro Zone countries. Meanwhile Japan expects other members of the IMF to back up the fund. The agreement with Japan is a significant step towards promoting world's economic stability, said Christine Lagarde, the head of the IMF.

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