However, it did comment that for countries that can afford to increase their spending, they should do so immediately, commenting that countries with "sufficient fiscal space stand ready to coordinate and implement discretionary fiscal actions to support domestic demand" (Castillo). ... As predicted, they called for budget cuts to mend frivolous fiscal policies and restore confidence. ... Japan will also contribute $60 billion to the International Monetary Fund, while China will contribute $43 billion. ... The IMF announced that their funding abilities are limited, and Europe needs to focus ...

• Word Count: 1321
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate