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G-20: China, Japan Seen As First Movers Amid G-20 Talks On IMF Funds
China and Japan would likely be the first countries to move to boost the International Monetary Fund's resources to help cope with the global financial crisis, but neither will make any commitments before the euro zone reaches a deal to increase its own rescue funds, officials participating in the Group of 20 meetings of finance ministers and central bankers said Saturday. The officials said the amounts "being circulated" at the meeting are that China would contribute around $100 billion, and Japan would contribute around $50 billion. A second official said no specific pledges to the IMF are expected to be included ... (full story)
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