IMF looking for a half trillion

As the demands on the IMF may increase because of the Euro zone debt crisis, the fund is looking for funds to increase its ability to loan stressed countries more money. The amount being bandied about is 500 billion U.S. 

  The IMF claims a potential need of one trillion in the future. The fund at present has about 385 billion available. European region nations have pledged to contribute 192 billion. The U.S. has said that it has no plans to increase its loans to the IMF. The group of 20 nations is split on the issue.
 The BRIC nations are being targeted by the IMF but it remains to be seen how anxious they will be to contribute. Contributions to the IMF are no doubt a hard sell in many countries.
 However, countries such as China might be willing to contribute if they are given more influence at the IMF. Investor sentiment may be improved by the IMF push for more money but the World Bank cut its global growth forecast to 2.5 per cent next year and predicted that the euro zone might actually contract by .3 per cent. For more see this article at Bloomberg.