Downing Street Says » IMF Funding

» Friday, April 20, 2012

IMF Funding

Asked whether the UK was going to commit further funds to the IMF, the PMS said she would not speculate on the outcomes of the Chancellor’s meetings in Washington DC.

Asked whether the PM still thought it was important to fully fund the IMF, the PMS said that the UK is a longstanding supporter of the IMF but it is clear there are strict conditions under which we would agree to committing resources and any deal should be done on a global level.

Asked whether the PM had concerns over the use and impact of IMF funds, the PMS said that there are strict conditions under which the Government would agree to commit further funds to the IMF. One of those conditions is that the IMF provides support for countries and not currencies.

Asked whether there could be global deal if the US were not going to commit funds, the PMS said that she was not going to speculate on the outcomes of the meeting.

Asked whether the Government could confirm that not a single penny of British cash would go into the Eurozone, the PMS said that the money should be used to support countries and not currencies.

Asked whether the Eurozone countries had done enough to satisfy the Chancellor to provide further funds, the PMS said that more needed to be done but she was no going to speculate on the outcomes of the meetings.

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IMF Funding

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