The International Monetary Fund said on Monday it raised $456-billion in new crisis-fighting money after 12 more countries, including BRICS members China, Brazil, Russia, India and South Africa, pledged funding for an expanded IMF war chest.
In April IMF member countries had committed to a figure of $430-billion to deal with the effects of the eurozone crisis on the global economy.
"These resources are being made available for crisis prevention and resolution and to meet the potential financing needs of all IMF members," IMF MD Christine Lagarde said in a statement. "They will be drawn only if they are needed as a second line of defense," she added.
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