IMF Reserves to Grow

The G-20 ministers agreed to bolster International Monetary Fund reserves by a very substantial amount,to facilitate more lending.German Finance Minister Peter Steinbrueck and Chancellor Angela Merkel were worried about getting over-extended providing domestic stimulus.Germany was already spending 4.2% of its GDP on stimulus,Ms.Merkel indicated,responding to U.S. calls for more stimulus spending.She wanted to let the amount already pledged have a chance to work.The G-20 is a group of the world's biggest economies and emerging markets.