IMF urges members to boost funding under 2010 plan - International Business Times

IMF urges members to boost funding under 2010 plan - International Business Times: The changes to members' quotas, which determine how much each country contributes to the IMF and their voting shares, are critical as a euro zone debt crisis escalates and is set to slow global growth in 2012.

Lagarde said the IMF's 187 countries had until October 2012 to get the necessary votes to implement the 2010 decision to double quotas, which would make China the Fund's third-largest member country.

IMF boss Christine Lagarde ramps up pressure on EU with new recession warning | Mail Online

IMF boss Christine Lagarde ramps up pressure on EU with new recession warning | Mail Online: The world is heading for a new Great Depression, the head of the International Monetary Fund warned yesterday.

In an apocalyptic assessment of the debt crisis, Christine La;garde said the disaster in the eurozone was escalating – despite last week’s treaty designed to prop up the currency.

Delivering a clear warning that Europe has still not done enough to prevent the collapse of the euro, she insisted every country in the world would need to help boost growth.