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Last Updated May 19 2013
Last updated June 20 2012
India Contributes $10 Billion to IMF for Eurozone
India on Tuesday announced a $10 billion contribution to the International Monetary Fund’s (IMF) additional $430 billion financial firewall to help the debt wracked 17 nation Eurozone so that the faltering world economy is protected against the spread of any financial contagion. The announcement was made by Prime Minister Manmohan Singh in his address at the plenary session of the seventh submit of the Group of developed and developing countries (G-20) against the backdrop of growing calls to nations to increase contributions to the IMF for the bailout fund.
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