The International Monetary Fund won pledges of fresh cash fromJapan to Denmark in a sign it may be able to declare victory assoon as this week in its campaign for more lending resources.
Denmark, Norway and Sweden will increase their financingcontributions by a total of more than $26 billion, IMF ManagingDirector Christine Lagarde said today. Hours earlier, Japan said itwill provide $60 billion. Europe has already promised about $200billion.
The Washington-based lender is seeking to boost its lendingcapacity from around $380 billion to shield the global economyagainst any deepening of Europe's debt turmoil. Today's pledges addmomentum to Lagarde's push, which she had to scale back last weekamid demands for Europe to do more to fix its own woes and arefusal by the U.S. to chip in more money.
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