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Calderon: G20 could contribute more than $430 billion to IMF
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Calderon: G20 could contribute more than $430 billion to IMF

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Calderon: G20 could contribute more than $430 billion to IMF

LOS CABOS, Mexico (Reuters) - Mexican President Felipe Calderon said on Saturday he thinks it is possible that the G20 members' contributions to the International Monetary Fund will exceed $430 billion.

"I estimate that it could be a bigger capitalization" than was agreed in April, Calderon told reporters. The G20 is meeting here next week.

In April, the IMF said it had secured at least $430 billion to increase its firepower, but many countries such as Brazil, China, Russia and Mexico itself have not yet said what specific amount they will contribute.

Calderon: G20 could contribute more than $430 billion to IMF - Yahoo! Finance

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