IMF kitty may prove insufficient: British PM

The International Monetary Fund (IMF) may have insufficient resources to fight the global credit crisis, Gordon Brown, the British prime minister, warned on Tuesday, saying that a new funding arrangement drawing on countries with substantial reserves was required now.

"The IMF has said it has $250 billion available and new instruments to lend to countries in crisis. But this may not be enough," Brown said. "We now need substantial additional resources to that the IMF already has available."

Brown

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