Press Release No. 14/349

Press Release: Statement by IMF Managing Director Christine Lagarde on the BRICS Summit

July 16, 2014

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), conveyed the following message to President Dilma Rousseff of Brazil today:

“I would like to congratulate you on hosting a successful meeting of the BRICS leaders in Fortaleza, Brazil, and especially on establishing the Contingent Reserve Arrangement. IMF staff would be delighted to work with the BRICS team dedicated to this project with a view to reinforcing the cooperation among all parts of the international safety net intended to preserve financial stability in the world.

“The IMF has a very strong relationship with all the BRICS nations, which are key members of this institution. We look forward to further strengthening our collaboration.”