Major emerging economies will pitch in funds at the G20 summit to complete the IMF (Berlin: MXG1.BE - news) 's planned 430-billion-dollar (380-billion-euro) firewall to protect indebted states, China said Sunday.
China's Vice Finance Minister Zhu Guangyao said the BRICS group of Brazil, Russia, India, China and South Africa would meet on Monday ahead of the start of the summit in the Mexican resort of Los Cabos.
Major European and Asian governments have already pledged around 340 billion dollars to the bailout fund, and Zhu said: "China is confident that the IMF will realize its 430 billion and China will pitch in."
Zhu cited the summit's host President Felipe Calderon of Mexico as having suggested the IMF might end up with even more than the 430 billion dollars that it requested, but did not put a precise figure on the Chinese contribution.
The IMF has already scaled back its ambitions for a larger firewall of 500 to 600 billion dollars, with the United States notably refusing to stump up for a fund that is seen essentially as a protection for debt-ridden eurozone states.
But officials arriving in Los Cabos appeared confident a deal was near.
Zhu repeated China's position that the final IMF fund would not be "earmarked for any special region" but added that Beijing "supports a strong and prosperous euro and a unified eurozone."
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