Chemistry Board

China on Monday offered $43 billion to the IMF's crisis-fighting reserves, rounding off a global push to nearly double the Fund's war chest to $456 billion to help protect countries from fallout from the euro zone debt crisis.

"These resources are being made available for crisis prevention and resolution and to meet the potential financing needs of all IMF members," said IMF Managing Director Christine Lagarde.

The leaders of BRICS nations -- Brazil, Russia, India, China and South Africa -- said earlier that they "agreed to enhance their own contributions to the IMF" but had insisted that the money be used only after existing funds were depleted.

Read further...