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03/11/2011
Cameron Defends IMF Payments
Prime Minister David Cameron has defended his decision to pay more money to the International Monetary Fund.
Mr Cameron told the BBC it is "right" to consider boosting funds to the International Monetary Fund at a time of crisis.
The government says it is ready to give more money to the IMF - but not if it is reserved for eurozone nations.
In Cannes, the UK Prime Minister told the BBC: "I'm here to support the British economy. When the world is in crisis it is right to consider boosting the IMF."
He said: "No government has lost money by lending money to the IMF".
The IMF's primary purpose is to ensure the stability of the international monetary system.
This system is used for promoting sustainable economic growth, increasing living standards, and reducing poverty.
Following the recent global crisis, the Fund has been clarifying and updating its mandate to cover the full range of economic and financial sector issues that bear on global stability.
(LB)
Mr Cameron told the BBC it is "right" to consider boosting funds to the International Monetary Fund at a time of crisis.
The government says it is ready to give more money to the IMF - but not if it is reserved for eurozone nations.
In Cannes, the UK Prime Minister told the BBC: "I'm here to support the British economy. When the world is in crisis it is right to consider boosting the IMF."
He said: "No government has lost money by lending money to the IMF".
The IMF's primary purpose is to ensure the stability of the international monetary system.
This system is used for promoting sustainable economic growth, increasing living standards, and reducing poverty.
Following the recent global crisis, the Fund has been clarifying and updating its mandate to cover the full range of economic and financial sector issues that bear on global stability.
(LB)
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