IMF Role
International Monetary Fund (IMF), as an important part in the business role, would require increasing the capacity of the current loan of U.S. $ 750 billion to U.S. $ 1 trillion at the G-20 summit in South Korea in November. Thus is disclosed a source among the South Korean government bureaucrats, as quoted by Bloomberg. It said increasing the capacity of the source loans intended to help strengthen the safety net for the global financial system against crises. South Korea will host the G-20 summit in November 2010. IMF Managing Director Dominique Strauss-Kahn told the Financial Times revealed additional borrowing capacity of up to U.S. $ 1 trillion is the right estimate. Strauss-Kahn has been trying to improve the IMF’s role as a bulwark against financial crises. Top mandate G-20, since April 2009, borrowing capacity of financial institutions based in Washington DC had been increased three-fold from U.S. $ 250 billion to U.S. $ 750 billion.
