- 22 updates
The Chancellor George Osborne has faced criticism for pledging an extra £10 billion ($16bn) to an IMF bailout fund, on top of the £30 billion already committed. So how much extra funding have other countries pledged?
- Japan - $60 billion
- South Korea - £15 billion
- Switzerland - $10 billion
- Australia - $7 billion
- US - nothing
- Canada- nothing
Shadow Chancellor Ed Balls has criticised George Osborne after he pledged a further £10 billion to the International Monetary Fund's bailout package.
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), gives her reaction on Twitter after the IMF raised more than $430 billion for its bailout fund.
Christine Lagarde, the IMF's managing director, said the total lending capacity of the IMF is now "north" of $1 trillion.
The G20 group of major economic nations says it has firm commitments to lend more than $430 billion to the International Monetary Fund's global bailout fund.
The Chancellor has said that the extra £10 billion IMF loan is in Britain's best interests.
Latest ITV News reports
George Osborne faced fury from Tory backbenchers after he announced Britain is to commit just under £10 billion to the IMF.