United Kingdom intends to increase contributions to the International Monetary Fund (IMF) is almost 2-fold and urged other European countries to follow suit, said Finance Minister Alistair Darling in his article published in the British newspaper The Guardian.
We will continue to spend money to save Britain, - said the Minister.
Increased contributions to the IMF would allow the international financial organizations more quickly and effectively to assist those countries that need it most, that will help restore the world economy as a whole and, consequently, the prosperity of Britain, said A. Darling.
Britain sent to the IMF an additional $ 11 billion to support the most mitigate the crisis, countries with low income, are in dire financial straits. In April, at the G20 summit in London, A. Darling haspromised the IMF to provide $ 15 billion under an agreement to increase the organization's budget to $ 750 billion
At a meeting of finance ministers Group of Twenty, which will be held this week, A. Darling plans to convince their colleagues from Europe, USA and China in need of similar actions.
In the past, Britain has funded from the IMF's gold reserves, with funds provided in the form of the loan and only as needed. It is unclear whether there will be some change in this direction.
British Finance Minister also stressed that Britain must stabilize the government expenditure and reduce the budget deficit at least twice in the next 4 years.
My priorities are clear: the preservation of jobs, provision of credit flows and the withdrawal of state spending on a rational basis in the medium term, - writes A. Darling.
Recommendations on RTS Index futures for Monday
Shares of main and distribution companies are the most undervalued from a fundamental point of view
While not expected to significantly reduce, the MICEX index and major papers continue Comma delimited
Negative flow from China adds uncertainty about the long-term trend for reviving the global economy
The worst of the market today can be shares of MMC Norilsk Nickel
In the energy sector the most important news may be a revision of investment programs for energy companies Gazprom
Significant trading ideas the market will get only in the second half of the week
MICEX Index has consistently failed to go above 1100 points, but not in a hurry to fall below
On Friday, stock indexes in the United States showed a downward intraday dynamics
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