IMF

Britain will not contribute to the eurozone bailout fund. And we are clear that the IMF will not contribute to the eurozone bailout fund either. The IMF does however have a vital role to play in supporting countries, right across the world, that are in serious economic distress. It is essential for confidence and economic stability that the IMF has the resources it needs so the G20 has made clear that it is willing to increase IMF resources as necessary to provide a boost to global confidence. Alongside other countries, Britain stands ready to contribute to the effort, within the limits that have already been agreed by Parliament.