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Download The latest capital contribution to the International Monetary Fund will enhance the organization's ability to tackle the European debt crisis and increase the say of emerging economies, analysts said. China announced on Monday that it will contribute $43 billion to the $430 billion boost to the IMF. The contribution can be used by all IMF members, the People's Bank of China, the central bank, said in a statement on Tuesday. President Hu Jintao, addressing the G20 Summit on Monday in the Mexican resort of Los Cabos, said that China supports increasing the resources of the IMF and enhancing its ability to tackle the crisis and provide emergency assistance. Hu also called on the group to continue supporting Europe "in a constructive and cooperative way". The financial contribution is "a positive thing", and EU countries will welcome the decision, the EU ambassador to China, Markus Ederer, said on Tuesday at a speech at the University of International Business and Economics in Beijing. China has been playing "a constructive role" in supporting the EU to tackle the crisis and, "If China expresses confidence in the eurozone, it is a very important signal to the market," Ederer said. But Ederer emphasized the support from the IMF is "the second line of defense", as he stressed the EU's own responsibilities. G20 finance chiefs agreed in April to increase the financial firepower of the IMF by more than $430 billion. | 
