CLEAN: G20: Bigger euro firewall needed before more IMF funds

The G20 recently met in France to address ongoing economic challenges. The group emphasized the importance of ensuring the IMF has adequate resources to manage risks, particularly those stemming from Europe. There was consensus that the IMF cannot replace a robust European firewall and needs clarity on Europe's plans. A proposal was made to increase the IMF's lending capacity by $500 billion, contingent on a credible European firewall. The meeting reaffirmed the importance of these processes, and no G20 country opposed the approach. Despite economic headwinds, the discussions were encouraging.

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