Boutros-Ghali says IMF
not properly resourced
Thu Jun 3, 2010 9:44pm EDT
South Korea, June 4 (Reuters) - The IMF has to have more resources after the support for Greece and needs to "very significantly" increase the amount of special drawing rights, the head of the Fund's policy-steering committee said on Friday.
"If we are going to start including funds made available to Europe, then the IMF is not properly resourced," Youssef Boutros-Ghali, who chairs the International Monetary and Financial Committee, told Reuters, adding that IMF members were talking of doubling the amount of SDRs.
Greece's problems are not over yet and it is still not clear if it can implement reforms, he said in this South Korean port city ahead of a meeting of G20 finance ministers. (Reporting by David Milliken, editing by Jonathan Thatcher)