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IMF chief welcomes EU fund, pledges funding support

Published 05/09/2010, 10:01 PM
Updated 05/09/2010, 10:24 PM

WASHINGTON, May 9 (Reuters) - IMF chief Dominique Strauss-Kahn on Sunday welcomed a EU emergency fund to protect highly indebted euro-zone countries and said the IMF would contribute funding on a country-by-country basis.

"The IMF will play its part, in the interests of the international community, in addressing the current challenges," Strauss-Kahn said in a statement.

"We expect our financial assistance to be broadly in proportion of our recent European arrangements," he added. Earlier on Sunday the IMF approved a 30 billion euro rescue loan for debt-ridden Greece. (Reporting by Lesley Wroughton; Editing by Eric Walsh)

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