The head of the International Monetary Fund says it will need more funding if it is to play a bigger role in aiding a global economic recovery.

Dominique Strauss-Kahn told the BBC that the IMF was likely to need at least $100bn (£68bn) of extra funding over the course of the next six months.

Mr Strauss-Kahn also called on states to continue cutting interest rates.

His comments came as the Japanese economy officially entered a recession, shrinking 0.1% in the third quarter.

This follows a 0.9% contraction in the world’s second-biggest economy in the previous quarter from April to June.

The former French finance minister also called on countries to tackle the economic crisis themselves by cutting interest rates and using government finances.

How nice!  The world is suffering through this economic crisis, so I ask where would all this cash come from?  Who will supply the money for all these out stretched hands of the bailout?