{
  "title": "Press Release: IMF Managing Director Christine Lagarde Welcomes Pledges by Members to Increase Fund Resources by Over US$430 billion",
  "publication": "IMF News, April 20, 2012",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr12147",
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  "summary": "“We warmly welcome pledges by our members to increase IMF resources by over $430 billion, almost doubling our lending capacity.",
  "publishDate": "2012-04-20",
  "sections": [
    {
      "heading": "Managing Director's statement — key messages",
      "content": "- “We warmly welcome pledges by our members to increase IMF resources by over $430 billion, almost doubling our lending capacity.\n- These resources are being made available for crisis prevention and resolution and to meet the potential financing needs of all IMF members.\n- They will be drawn only if they are needed, and if drawn, will be refunded with interest.\n- Thanks expressed to all countries that have already announced specific contributions.\n- Acknowledgement of China, Russia, Brazil, India, Indonesia, Malaysia, and Thailand1 and other countries as indicatively among contributors.\n- The increase in resources is presented as a broad-based response that will help strengthen global economic and financial stability.\n- The Fund commits to safeguard members’ interests and resources and looks forward to further commitments from broader membership."
    },
    {
      "heading": "Total commitments and individual pledges",
      "content": "- Total commitments so far of over US$430 billion to the current effort to increase Fund resources consist of pledges from:\n  - Euro Area\n    - €150 billion\n    - (about US$200 billion)\n  - Japan\n    - US$60 billion\n  - Korea\n    - US$15 billion\n  - Saudi Arabia\n  - United Kingdom\n    - (US$15 billion)\n  - Sweden\n    - at least US$10 billion\n  - Switzerland\n    - US10 billion\n  - Norway\n    - SDR 6 billion\n    - (about US$9.3 billion)\n  - Poland\n    - €6.27 billion\n    - (about US$8 billion)\n  - Australia\n    - US$7 billion\n  - Denmark’s Nationalbank\n    - €5.3 billion\n    - (about US$7 billion)\n  - Singapore\n    - US$4 billion\n  - Czech Republic2\n    - €1.5 billion\n    - (about US$2 billion)\n- TOTAL3:\n  - Over US$430 billion"
    },
    {
      "heading": "Conditional notes and cross-references",
      "content": "- 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\n- 2 Conditional, see http://www.cnb.cz/en/public/mediaservice/ pressreleasescnb/2012/20120126pujckammf.html\n- 3 Including China, Russia, Brazil, India, and other countries.\n\nInternational Monetary Fund — Press Release No. 12/147, April 20, 2012\n\n---\n\n\n References\n\n- People's Republic of China and the IMF\n- Brazil and the IMF\n- India and the IMF\n- Indonesia and the IMF\n- Malaysia and the IMF\n- Russian Federation and the IMF\n- Thailand and the IMF\n- Press Releases\n- PRESS CENTER\n- Pledges by Australia, Korea, Singapore and the United Kingdom to Increase IMF Resources by About US$41 Billion\n- Pledges by Switzerland and Other Members to Increase IMF Resources by About US$26 Billion\n- Pledge by Poland to Increase IMF Resources by About US$8 Billion\n- Pledges by Denmark, Norway and Sweden to Increase IMF Resources by Over US$26 Billion\n- Pledge by Japan to Increase IMF Resources by US$60 Billion\n- Indonesia, Malaysia, and Thailand\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr12147"
    }
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    "Published: April 20, 2012",
    "“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 so far of over US$430 billion to the current effort to increase Fund resources consist of pledges from:",
    "TOTAL3:",
    "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.",
    "[People's Republic of China and the IMF](http://www.imf.org/external/country/CHN/index.htm)",
    "[Brazil and the IMF](http://www.imf.org/external/country/BRA/index.htm)",
    "[India and the IMF](http://www.imf.org/external/country/IND/index.htm)",
    "[Indonesia and the IMF](http://www.imf.org/external/country/IDN/index.htm)",
    "[Malaysia and the IMF](http://www.imf.org/external/country/MYS/index.htm)",
    "[Russian Federation and the IMF](http://www.imf.org/external/country/RUS/index.htm)",
    "[Thailand and the IMF](http://www.imf.org/external/country/THA/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Pledges by Australia, Korea, Singapore and the United Kingdom to Increase IMF Resources by About US$41 Billion](https://www.imf.org/external/np/sec/pr/2012/pr12146.htm)",
    "[Pledges by Switzerland and Other Members to Increase IMF Resources by About US$26 Billion](https://www.imf.org/external/np/sec/pr/2012/pr12142.htm)",
    "[Pledge by Poland to Increase IMF Resources by About US$8 Billion](https://www.imf.org/external/np/sec/pr/2012/pr12141.htm)",
    "[Pledges by Denmark, Norway and Sweden to Increase IMF Resources by Over US$26 Billion](https://www.imf.org/external/np/sec/pr/2012/pr12138.htm)",
    "[Pledge by Japan to Increase IMF Resources by US$60 Billion](https://www.imf.org/external/np/sec/pr/2012/pr12137.htm)",
    "[Indonesia, Malaysia, and Thailand](https://www.imf.org/external/np/sec/pr/2012/pr12148.htm)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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