Ms Lagarde said that these members' contributions bring total additional commitments of increased resources for the IMF to US$34 billion.
The financial pledges of about US$26 billion from Switzerland and other countries are in addition to previous pledges for increased contributions from the euro area of €150 billion; Japan of US$60 billion; Sweden of at least US$10 billion; Norway of SDR 6 billion; Poland of €6.27 billion; and Denmark’s Nationalbank of €5.3 billion.
Ms Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement: “I have been informed by the Swiss authorities of their intention to provide a substantial amount of additional financing commitments to the IMF. I warmly welcome this contribution, which demonstrates Switzerland's willingness to support the cooperative effort under way to strengthen economic and financial stability. It also testifies to Switzerland’s continued support for the Fund and its entire membership. I also received today firm indications of support from several other countries which, together with Switzerland’s contribution, will amount to over $US26 billion. These countries will formalise their individual commitments in the coming days. I salute their enduring support for the spirit of multilateralism. Ensuring that the Fund has sufficient resources to tackle crises and to promote global economic stability is in the interests of all our members. This brings to about US$320 billion the commitments received so far. I am, or course, very encouraged by this strong demonstration of support for the Fund, and I look forward to further commitments from our broader membership.”
Press release
© International Monetary Fund
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