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Summary G20 summit discussed boosting their funding of IMF to help resolve the eurozone debt crisis.
World leaders meeting at the G20 summit on Thursday discussed boosting their funding of the International Monetary Fund to help resolve the eurozone debt crisis, Britains finance minister said.George Osborne said countries such as the China were interested in the proposals, which have been pushed heavily by British Prime Minister David Cameron, but he refused to put a figure on the increase.The international community has also accepted that it needs to address the general global economic situation and there is a debate that has begun, but not concluded, about increasing resources to the IMF, Osborne told reporters.There are certainly no numbers yet and I suspect that those discussions will not conclude until tomorrow, he said, summarising day one of the G20 summit in the southern French resort of Cannes.Britains government has been floating the idea of an increase in funding for the IMF partly as a way of helping the eurozone without contributing to a direct bailout, which would be politically damaging at home.
