APN News

New Delhi : India has announced a contribution of ten billion US dollars to International Monitory Fund, IMF. It is in line with commitments made by other G 20 member countries towards enhancement of IMF resources for crisis prevention and resolution. This was informed by the Minister of State for Finance, Namo Narain Meena in a written reply in the Rajya Sabha today. He said, the funds would be released in a phased manner as and when IMF calls upon India to make the resources available. Mr. Meena said that apart from India , China has also announced 43 billion US dollars contribution to IMF while Russia and Brazil have agreed to give 10 billion US dollars each to IMF.