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The UK could potentially contribute up to £40bn to the IMF to help the global economy, according to the Treasury Chief Secretary. This contribution would be split between two funds, but would be guarantees not actual cash transfers. The money must not support a eurozone bailout alone. Labour said the IMF cannot substitute the responsibility of the European Central Bank. The UK currently contributes £4.9bn to the IMF, of which £3.3bn is from its quota and the rest from bilateral loan arrangements. The Treasu

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jgillett1

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EN