Gordon Brown to Give Another $11 Billion of Taxpayers Money To the IMF to Bail Out Other Countries

The UK has promised an extra $11bn of standby finance for the IMF, which will be used to support countries that are struggling in the face of the economic crisis.

This sum, on top of the initial $15bn pledged in spring could be drawn on within months since the IMF’s original war chest is understood to be close to running dry after it has had to come to the rescue of various countries, including Iceland and Pakistan.

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