The International Monetary Fund's (IMF) Managing Director Kristalina Georgieva said on Thursday that the $650 billion expansion of reserves will be the largest in the IMF's history, as reported by Reuters.
"We need a recovery that works for all," Georgieva added. "IMF members expressed strong support for the IMF at the centre of the global financial safety net," she further noted and said they are encouraged that IMF members are willing to keep the IMF resourced adequately.
Earlier in the day, the IMF's steering committee said in its communique the global economy was recovering faster than expected but reiterated the prospects for recovery remain highly uncertain and uneven within and across countries.
These remarks don't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was up 0.2% on the day at 4,088.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.