World leaders are meeting in Washington, D.C., to attend a joint IMF-World Bank meeting.
Their focus? The funding available to the IMF, specifically to support the ongoing debt and bank crises in Europe.
Countries in Europe and Asia have expressed interest and even firm commitments in contributing more money to the fund. The U.S. and Canada, however, have said they won’t contribute any more cash to an effort EU leaders should be able to resolve themselves.
While we could hear more pledges over the course of the day, so far Japan, Switzerland, Poland, Sweden, Denmark, Norway, and the euro area have all made dollar commitments totaling $320 billion, according to Bloomberg:
Photo: Bloomberg TV
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