China promises IMF $43 billion for crisis fund

LOS CABOS: China has pledged $43 billion to the International Monetary Fund's new crisis fund, the IMF said Monday, after keeping mum for two months on how much they would offer.

The promise came after China and other emerging economies imposed conditions on the use of the new funds, and called for the IMF to move quickly to increase the rising economies' voting power in the crisis lender.