BEIJING, June 19 (Reuters) – China will contribute $43
billion to the International Monetary Fund’s crisis-fighting
reserves, state news agency Xinhua confirmed on Tuesday, without
providing details.
The leaders of Brazil, Russia, India, China and South
Africa, meeting before a Group of 20 summit in Mexico, said they
“agreed to enhance their own contributions to the IMF”.
They sought to tie the funds to long-delayed reforms that
would give the developing world more say at the Washington-based
Fund.
(Reporting by Ben Blanchard and Kevin Yao; Editing by Ken
Wills)
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