Thursday, December 30, 2010
The International Monetary Fund decided to issue its bonds in order to raise money for lenders to combat the global economic crisis after the meeting among the ministerial level of the G7 and G20 (April 25-26). The IMF sought to raise its lending capacity to $750 billion when the G20 met in London on 2 April 2009. Basically, the IMF is bankrupted as it cannot provide money to nations during the financial crisis. Both China and Brail have expressed interest in purchasing IMF bonds. This is the first time ever that the IMF is going to issue its bonds during its 64-years history.