Bolstering the IMF's Lending Capacity

Last Updated: March 12, 2010

The Group of Twenty industrialized and emerging market economies agreed on April 2 to triple the Fund's lending capacity to $750 billion, enabling it to inject extra liquidity into the world economy during this time of crisis. The additional support will come from several sources, including contributions from member countries. Here is a list of countries that have pledged to help boost the Fund's lending capacity (in chronological order).

Japan - $100 Billion

• IMF Signs US$100 Billion Borrowing Agreement with Japan (February 13, 2009)
• Borrowing Agreement with the Government of Japan
• IMF Lending: IMF Signs $100 Billion Borrowing Agreement With Japan
• IMF head Dominique Strauss-Kahn thanks Japan for $100 billion loan

European Union - $178 Billion

• IMF Signs €120 Million Borrowing Agreement with the Central Bank of Malta (February 12, 2010)
• IMF Signs Agreement to Borrow up to €4.74 Billion from the National Bank of Belgium (February 12, 2010)
• IMF Signs Agreement to Borrow up to €440 Million from the Slovak Republic (February 12, 2010)
• IMF Signs €1.06 Billion Borrowing Agreement with Banco de Portugal (November 30, 2009)
• IMF Signs €1.95 Billion Borrowing Agreement with the Danish Central Bank (November 4, 2009)
• IMF Signs €5.31 Billion Borrowing Agreement with De Nederlandsche Bank (October 5, 2009)
• IMF Signs €4 Billion Borrowing Agreement with Spain (October 5, 2009)
• IMF Signs €15 Billion Borrowing Agreement with Deutsche Bundesbank (September 22, 2009)
• IMF Signs €11 Billion Borrowing Agreement with France (September 4, 2009)
• Statement by IMF Managing Director Dominique Strauss-Kahn on the European Union’s Announcement of Additional Financial Support (September 4, 2009)
• IMF Signs US$15 Billion Borrowing Agreement with the United Kingdom (September 1, 2009)
• Statement by IMF Managing Director Dominique Strauss-Kahn on the European Union's Announcement of Financial Support for the IMF (March 20, 2009)

Norway - $4.5 Billion

• IMF Signs US$4.5 Billion Borrowing Agreement with Norway’s Central Bank
  (July 6, 2009)
• Statement by IMF Managing Director Dominique Strauss-Kahn on Norway's Announcement of Possible Financial Support for the IMF of up to about
  US$4.5 billion (March 28, 2009)

Canada - $10 Billion

• IMF Signs US$10 Billion Borrowing Agreement with Government of Canada (July 8, 2009)
• Statement by IMF Managing Director Dominique Strauss-Kahn on Canada's Announcement of Financial Support for the IMF of about US$10 billion (April 3, 2009)

Switzerland - $10 Billion

• Statement by IMF Managing Director Dominique Strauss-Kahn on Switzerland's Announcement of US$10 Billion in Financial Support for the IMF (April 8, 2009)

United States - $100 Billion

• IMF Managing Director Dominique Strauss-Kahn Welcomes U.S. Congressional Approval of IMF-Related Legislation, Including U.S. Financial Commitment of Up to US$100 Billion (June 18, 2009)
• Letters from the President of the United States to U.S. Congressional Bipartisan Leadership on NAB Fund (April 20, 2009)

Korea - At least $10 Billion

• Korea Finances IMF's Lending Resources (May 4, 2009)

Australia - $5.7 Billion

• Australian Commitments to International Monetary Fund and Asian Development Bank (May 12, 2009)

Russia - Up to $10 Billion

• IMF Managing Director Dominique Strauss-Kahn Welcomes the Russian Federation’s Intention to Purchase the First-Ever Notes Issued by the IMF (May 27, 2009)

China - Up to $50 Billion

• IMF Signs US$50 Billion Note Purchase Agreement with China (September 2, 2009)
• IMF Managing Director Dominique Strauss-Kahn Welcomes China’s Intention to Invest Up to US$50 billion in Notes Issued by the IMF (June 9, 2009)

Brazil - Up to $10 Billion

• IMF Signs US$10 Billion Note Purchase Agreement with Brazil (January 22, 2010)
• IMF Managing Director Dominique Strauss-Kahn Welcomes Brazil’s Intention to Invest Up To US$10 Billion in Notes Issued by the IMF (June 10, 2009)

India - Up to $10 Billion

• IMF Signs US$10 Billion Note Purchase Agreement with India (March 12, 2010)
• IMF Managing Director Dominique Strauss-Kahn Welcomes India's Commitment to Buy up to US$10 Billion of IMF Notes (September 5, 2009)

Singapore - $1.5 Billion

• IMF Managing Director Dominique Strauss-Kahn Welcomes Singapore’s Commitment of Additional Financial Support for the IMF (September 8, 2009)

Chile - $1.6 Billion

• IMF Managing Director Dominique Strauss-Kahn Welcomes Chile's Commitment of Additional Financial Support for the IMF (September 24, 2009)

• G-20 Reaffirms IMF's Central Role in Combating Crisis
• G-20 Communiqué: London Summit, April 2, 2009
• IMF Resources and the G-20 Summit: Your Questions Answered
• To Help Countries Face Crisis, IMF Revamps its Lending
• Lending: Key Issue
• IMF Lending: Factsheet

Map: IMF Lending at a Glance