Press Release: IMF Managing Director Christine Lagarde Welcomes Pledges by Members to Increase Fund Resources by Over US$430 billion
IMF News, April 20, 2012
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- Published: April 20, 2012
Managing Director's statement — key messages
- “We warmly welcome pledges by our members to increase IMF resources by over $430 billion, almost doubling our lending capacity.
- These resources are being made available for crisis prevention and resolution and to meet the potential financing needs of all IMF members.
- They will be drawn only if they are needed, and if drawn, will be refunded with interest.
- Thanks expressed to all countries that have already announced specific contributions.
- Acknowledgement of China, Russia, Brazil, India, Indonesia, Malaysia, and Thailand1 and other countries as indicatively among contributors.
- The increase in resources is presented as a broad-based response that will help strengthen global economic and financial stability.
- The Fund commits to safeguard members’ interests and resources and looks forward to further commitments from broader membership.
Total commitments and individual pledges
- Total commitments so far of over US$430 billion to the current effort to increase Fund resources consist of pledges from:
- Euro Area
- €150 billion
- (about US$200 billion)
- Japan
- US$60 billion
- Korea
- US$15 billion
- Saudi Arabia
- United Kingdom
- (US$15 billion)
- Sweden
- at least US$10 billion
- Switzerland
- US10 billion
- Norway
- SDR 6 billion
- (about US$9.3 billion)
- Poland
- €6.27 billion
- (about US$8 billion)
- Australia
- US$7 billion
- Denmark’s Nationalbank
- €5.3 billion
- (about US$7 billion)
- Singapore
- US$4 billion
- Czech Republic2
- €1.5 billion
- (about US$2 billion)
- TOTAL3:
- Over US$430 billion
Conditional notes and cross-references
- 1 Conditional, Indonesia, Malaysia and Thailand will undertake the necessary domestic consultations to join this international effort, see http://www.imf.org/external/np/sec/pr/2012/pr12148.htm
- 2 Conditional, see http://www.cnb.cz/en/public/media_service/ press_releases_cnb/2012/20120126_pujcka_mmf.html
- 3 Including China, Russia, Brazil, India, and other countries.
International Monetary Fund — Press Release No. 12/147, April 20, 2012
References
- People's Republic of China and the IMF
- Brazil and the IMF
- India and the IMF
- Indonesia and the IMF
- Malaysia and the IMF
- Russian Federation and the IMF
- Thailand and the IMF
- Press Releases
- PRESS CENTER
- Pledges by Australia, Korea, Singapore and the United Kingdom to Increase IMF Resources by About US$41 Billion
- Pledges by Switzerland and Other Members to Increase IMF Resources by About US$26 Billion
- Pledge by Poland to Increase IMF Resources by About US$8 Billion
- Pledges by Denmark, Norway and Sweden to Increase IMF Resources by Over US$26 Billion
- Pledge by Japan to Increase IMF Resources by US$60 Billion
- Indonesia, Malaysia, and Thailand
- https://www.imf.org/en/home