BUSINESS
03/02/2009 05:12 am ET Updated May 25, 2011

IMF Confident It Will Remain Funded Through Recession

The International Monetary Fund expressed confidence on Friday that its members will ensure the Fund remains adequately funded and able to support any country that might be hit by the global financial crisis.

Speaking to the Financial Times at the World Economic Forum in Davos, John Lipsky, the deputy managing director of the IMF, said the Institution was seeking to double its financial firepower to come to aid any country that needs its support in the downturn.

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