By Agencies
5:59AM BST 19 Jun 2012
China
Who pledged what, starting with
the largest commitments
5:59AM BST 19 Jun 2012
"With today's announcements by an additional 12 countries, a total of
37 IMF member countries... have joined this collective effort, demonstrating
the broad commitment of the membership to ensure the IMF has access to adequate
resources to carry out its mandate in the interests of global financial
stability," Ms Lagarde, the IMF chief, said.
"Countries large and small have rallied to our call for action, and
more may join. I salute them and their commitment to multilateralism. As a
result, total pledges have risen to $456bn, almost doubling our lending
capacity."
The leaders of Brazil , Russia , India ,
China and South Africa , meeting before a Group of 20
summit in Mexico
They held back two months ago when the IMF solicited commitments at its
spring meetings in Washington
That was well below the $500bn the fund's own economists had said would be
an adequate expansion of its crisis intervention funding, given the potential
of more contagion in the troubled eurozone.
The largest economy, the US
While Washington has insisted Europe has
enough resources to resolve its problems itself, it is also clear that the
deeply divided Congress is in no mood, given the US
Who pledged what, starting with
the largest commitments
Japan $60bn ; Germany
$54.7bn ; China $43bn ; France
$41.4bn ; Italy $31bn ; Spain
$19.6bn ; Netherlands $18bn ; Britain $15bn ; Saudi Arabia $15bn; South
Korea $15bn ; Belgium
$13.2bn ; Sweden
At least $10bn ; Brazil
$10bn ; India $10bn ;
Mexico $10bn ; Russia
$10bn ; Switzerland
$10bn ; Norway
$9.3bn ; Poland
$8.3bn ; Austria
$8.1bn ; Australia
$7bn ; Denmark $7bn; Turkey $5bn ; Finland $5bn ; Singapore $4bn ; Luxembourg
$2.7bn ; Slovakia
$2.1bn; Czech
Republic $2bn ; South
Africa $2bn ; Colombia
$1.5bn ; Slovenia
$1.2bn ;Malaysia $1bn ; New Zealand $1bn ; Thailand $1bn ; Philippines $1bn ; Cyprus
$600m ; Malta $300m
TOTAL $456bn
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