Press Release No. 12/141

Press Release: Statement by IMF Managing Director Christine Lagarde on Pledge by Poland to Increase IMF Resources by About US$8 Billion

April 18, 2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

“I warmly welcome today’s commitment by the Polish authorities to contribute €6.27 billion (about US$8 billion) in additional financing to the IMF. This is part of a concerted action among important creditors to ensure the Fund has sufficient resources to tackle crises and to promote global economic stability. This commitment demonstrates Poland’s willingness to support the cooperative effort under way to strengthen global economic and financial stability in the spirit of multilateralism.”

The financial pledge of €6.27 billion (about US$8 billion) from Poland is in addition to previous pledges for increased contributions from the Euro Area of €150 billion (about US$200 billion); from Japan of US$60 billion; from Sweden of at least US$10 billion; from Norway of SDR 6 billion (about US$9.3 billion); and from Denmark’s Nationalbank of €5.3 billion (about US$7.0 billion).