Japan mulls lending $60 billion to IMFApril 15, 2012 - 16:07 AMT PanARMENIAN.Net - Japan is considering lending about $60 billion to the International Monetary Fund to help strengthen a global firewall against contagion from the European sovereign debt crisis, AFP reported citing Kyodo news agency. Tokyo is talking with some other key members of the IMF such as China and European nations to finalise their possible contributions to the multilateral lender, ahead of the Group of 20 finance chiefs' meeting later this week in Washington. If realised, Japan's contribution could be one of the biggest by a member nation, Kyodo quoted an unnamed government official as saying. China is expected to offer a similar amount, leading other emerging economies, some of which are still calling for additional efforts by European leaders to help themselves. Japan, the second-biggest stakeholder in the IMF after the United States, has shown readiness to lead relevant discussions at the IMF and G-20, as the US government has shown reluctance to be aggressively involved in any fresh IMF resources boost, Kyodo said. Tokyo has welcomed the recent decision by eurozone finance ministers to temporarily increase their bail-out funds to 700 billion euros ($915 billion) from 500 billion to prevent contagion from the fiscal problems in Greece, Ireland and Portugal spreading to bigger members such as Spain and Italy, the report said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |