Despite G-20 Promises, IMF Issues Linger

The biggest winner at the G-20 summit in London on April 2 was the International Monetary Fund, which received pledges for US$ 1.1 trillion, including US$ 500 billion from member countries and US$ 250 billion through the IMF’s special drawing rights (SDR) currency. But rounding up the cash and overcoming political obstacles within IMF-member countries will be difficult. Despite the summit’s grand promises, some funding details are fuzzy.