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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Brown looks to China to strengthen IMF’s hand

Posted on 29 October 2008

From Guardian: Gordon Brown will this weekend call on China and oil-producing countries in the Gulf to pump hundreds of billions of dollars into the International Monetary Fund to prevent the global financial “contagion” from destroying vulnerable economies.

As the IMF finalises plans to shore up the Hungarian and Ukrainian economies with combined loans of $29bn, the prime minister will make clear that more needs to be done to ensure the fund can step in to help struggling economies….. Full Article: Source


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