US Treasury welcomes pledges to IMF

US Treasury Secretary Timothy Geithner has welcomed pledges by some International Monetary Fund (IMF) members to add to its resources, according to Reuters.

He said the IMF has substantial capacity to deal with any European crisis spillover.

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UK pledges extra £10bn to IMF

The Chancellor George Osborne has pledged a further £10 billion to the International Monetary Fund's bailout package. It won't require approval from MPs as he has only committed around £30 billion of the £40 billion loan approved by Parliament.