IMF's mandate to increase monitoring of a global financial system in crisis is reinforced by the G20 meeting

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2008-11-15 21

The International Monetary Fund, struggling a year ago with less relevance and revenue, emerged from Group of 20 talks with more money to lend and a mandate to increase monitoring of a global financial system in crisis.

Deal Completion

Iceland is in talks for $2.1 billion and Belarus is seeking $2 billion. Strauss-Kahn said today the IMF's executive board would complete the Iceland deal on Nov. 19.