IMF and G20 Finance Ministers on IMF Resources

Oxfam spokesperson Elizabeth Stuart said:

"Emerging economies have kept their part of the bargain by giving the IMF the money it asked for, and Europe needs make room at the decision-making table in exchange.

"As Lagarde said, the IMF should use its new firepower to back poor countries too fragile to cope with a second round of economic crisis.

"Oxfam welcomes the commitment from G20 finance ministers to focus on climate finance - money that's urgently needed to help poor countries cope with the impacts of climate change. They should focus on innovative ways to raise public finance, like a financial transactions tax and carbon charges for international transport."

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IMF/G20 Joint statement here: http://www.imf.org/external/np/sec/pr/2012/pr12144.htm