IMF needs hundreds of billions of dollars more: Brown


	IMF needs hundreds of billions of dollars more: Brown

brightlight4

11-2-2008 5:05 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2f52af8a-92e6-4888-8da7-17279fdac5b7/39AFFD29-E2FB-4DCE-800B-D1AC5C9FE336/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ" href="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ" style="font-size: 11px;">afp.google.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ"><H1>IMF needs hundreds of billions of dollars more: Brown</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ"><P>RIYADH (AFP) — Prime Minister Gordon Brown said the International Monetary Fund (IMF) needs "hundreds of billions of dollars" to help countries at risk of collapsing amid the world financial crisis.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ"><P>Brown, who is in Saudi Arabia, told reporters Saturday during a four-day tour of Gulf states that countries which had benefited from recent high oil prices could contribute to the plan.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ"><P>Brown, whose struggling premiership has been boosted by his leadership in the financial panic, wants the IMF's 250 billion dollar bailout fund for affected countries to be extended to prevent "contagion" elsewhere.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ"><P>He has not previously indicated the amount of cash by which he believes the IMF, which is set to bail out Hungary, Ukraine and Iceland, needs to boost its coffers.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://afp.google.com/article/ALeqM5hsV_sxBHEbCSUWY68A3AAMp1qMwQ"><P>"As long as they play by our rules and operate in a commercial manner, we welcome investment from sovereign wealth funds in the UK," he said.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/39AFFD29-E2FB-4DCE-800B-D1AC5C9FE336/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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