Lagarde Urges Britain To Boost IMF Funds......Again!

Christine Lagarde has issued a personal appeal to George Osborne to provide extra funds for the International Monetary Fund.

The Fund's managing director, who warned that there were "dark clouds on the horizon" for the world economy, said "it is in their interests" that Britain provides extra bail-out cash.

In an interview with Sky News, she said that she had now raised $320bn of the $400bn extra resources she wants to bolster the Fund by, but added: "We have more [funds] in the pipeline. They will be announced in the coming days and I hope that by the end of the spring meeting that we have reached critical mass."

She added that it was "in [Britain's] interests" to provide more resources for the fund. Read More