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

June 13 (Bloomberg) -- 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.

Link to Company News:{13347Z US <Equity> CN <GO>}

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

To contact the editor responsible for this story: Jake Lloyd-Smith at jlloydsmith@bloomberg.net

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