Press Release No. 09/220

Press Release: IMF Managing Director Dominique Strauss-Kahn Welcomes U.S. Congressional Approval of IMF-Related Legislation, Including U.S. Financial Commitment of Up to US$100 Billion

June 18, 2009

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement today welcoming the approval by the U.S. Congress of IMF-related legislation, including an expansion of the New Arrangements to Borrow (NAB) by up to US$100 billion:

“I welcome the approval by U.S. Congress of a package of measures related to IMF resources and governance reform. This is a significant step forward that will help the IMF in its efforts to respond to the global financial crisis and also to strengthen the governance and operations of the institution. The decision demonstrates the strong commitment of the United States to a well-governed and well-resourced IMF and, more broadly, to a multilateral approach to resolving global economic and financial challenges. It represents important progress in implementing the proposals put forward by the G-20 leaders, and the IMF looks forward to continue working with its membership to fulfill its mandate and to assist countries expeditiously and effectively in their efforts to weather the global financial crisis.”