The International Monetary Fund received $456 billion to add to its crisis firewall as more nations pledged financial aid to fight the slowdown in global growth and the Eurozone debt crisis.
China offered $43 billion to the IMF, while India, Russia, Brazil and Mexico agreed to provide $10 billion each.
A total of 12 countries pledged financial support to boost the IMF resources during the ongoing G20 meeting in Los Cabos in Mexico.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.