Press Release No. 12/388

Press Release: IMF Managing Director Christine Lagarde Welcomes Pledges from Algeria and Brunei Darussalam to Boost Fund Resources

October 13, 2012

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

“I warmly welcome commitments by the authorities of Algeria and Brunei Darussalam to contribute additional financing to the IMF. They are joining a concerted action among important creditors to ensure the Fund has sufficient resources to tackle crises and to promote global economic stability. Their commitments demonstrate their willingness to support the cooperative effort under way to strengthen global economic and financial stability in the spirit of multilateralism.”

The financial pledges of US$5 billion from Algeria and US$300 million from Brunei Darussalam are in addition to US$456 billion already pledged by member countries and their institutions to reinforce the IMF’s capacity to fight crises (see Press Release No. 12/431).