India to Raise IMF Contribution to $14 Billion, Press Trust of India Says

India plans to increase its contribution to the International Monetary Fund by $4 billion as the multilateral lender helps European countries facing the sovereign debt crisis, the Press Trust of India reported, citing a finance ministry official it didn’t identify. India’s total commitment under the IMF’s new arrangement to borrow will increase to $14 billion, the news agency reported.

To contact the reporter on this story: Thomas Abraham in Mumbai at tabraham4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.