## 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_

## Source details

**Canonical URL:** [Press Release: IMF Managing Director Christine Lagarde Welcomes Pledges by Members to Increase Fund Resources by Over US$430 billion](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr12147)

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## Bibliographic details
- 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](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)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr12147_