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Page last updated at 12:26:01 IST, Wednesday, 16 September 2009 News Feeds ::
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India will lend US$ 10 billion to IMF
 
Pranab, Namonarayan.jpg
Finance Minister Pranab Mukherjee said that India will lend 10 billion US Dollars to International Monetary Fund to make funds available to countries hit by the global recession.

While speaking to reporters in London he said that it will not put burden on Indian government and will not stretch its resources already hit by a slowing down economy.

Mr. Mukherjee said such bilateral financing are only a temporary bridge and IMF should reform the quota process in favour of emerging and developing countries.
 
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