India, at the G20 summit announced a $10 billion contribution to the IMF’s additional $ 430 billion financial firewall to help the debt-wracked 17-nation euro-zone so that the faltering world economy is protected against the spread of any financial contagion.
The announcement of the contribution was made by Prime Minister Manmohan Singh in his address at the Plenary Session of the seventh summit of the Group of developed and developing countries(G-20) in Mexico against the backdrop of growing calls to nations to increase contributions to the International Monetary Fund(IMF) for the bailout fund. ........................................First Post.
Oh wow!!!! $ 10 billion coming from a country facing financial crisis!! This was a G 20 summit. Hope the PM knew that he wasn't delivering an electoral promise to the Indian public.
The announcement of the contribution was made by Prime Minister Manmohan Singh in his address at the Plenary Session of the seventh summit of the Group of developed and developing countries(G-20) in Mexico against the backdrop of growing calls to nations to increase contributions to the International Monetary Fund(IMF) for the bailout fund. ........................................First Post.
Oh wow!!!! $ 10 billion coming from a country facing financial crisis!! This was a G 20 summit. Hope the PM knew that he wasn't delivering an electoral promise to the Indian public.
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