September 24, 2009
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The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Chile's commitment to increase its contribution to the Fund's New Arrangements to Borrow (NAB) by SDR 1.02 billion (about US$1.6 billion), to a total of SDR 1.36 billion (about US$2.2 billion).
“I welcome the Chilean authorities’ commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow. This will help ensure the IMF’s lending capacity is sufficient to meet the financing needs of its member countries and demonstrates Chile’s commitment to multilateral cooperation."
Useful links:
Agreements bolstering lending capacity:
http://www.imf.org/external/np/exr/faq/contribution.htm
Factsheet on increasing the Fund’s resources:
http://www.imf.org/external/np/exr/facts/imfresources.htm
Factsheet on IMF borrowing arrangements:
http://www.imf.org/external/np/exr/facts/gabnab.htm
Press Release: Participants in New Arrangements to Borrow and Potential New Participants Discuss Expansion and Reform of IMF Credit Line:
http://www.imf.org/external/np/sec/pr/2009/pr09143.htm
IMFC Communiqué, April 25, 2009:
http://www.imf.org/external/np/sec/pr/2009/pr09139.htm
April 2009 G-20 London Summit final Communiqué:
http://www.londonsummit.gov.uk/resources/en/news/15766232/communique-020409
