IMF needs $1bn funding injection

Laura Stavro-Beauchamp
The International Monetary Fund is warning it will need $1bn or £68bn to continue propping up global economies.

Dominic Strauss-Kahn, head of the IMF, says the money must come over the next six months to cope with increased demand for its help.


Strauss-Kahn also says that countries around the world should continue to cut interest rates.

He adds: The IMF hopes to provide "some sort of safety net to protect the most vulnerable part of the population from the consequences of the adjustment."

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