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  • Statement By U.S. Treasury Secretary Tim Geithner At The International Monetary And Financial Committee (IMFC) Meeting

    Date 21/04/2012

    After a renewed period of stress in the global economy, the outlook has improved and some progress is being made to reduce global imbalances. But the recovery remains fragile, with continued risks from the euro area and higher oil prices. The United States economy continues to gather strength despite adverse shocks from the crisis in Europe, last year’s supply chain disruptions, increases in oil and gasoline prices, and slower growth in some emerging markets.

  • IMF Managing Director Christine Lagarde Welcomes Pledges By Members To Increase Fund Resources By Over US$430 Billion

    Date 20/04/2012

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

    “We warmly welcome pledges by our members to increase IMF resources by over $430 billion, almost doubling our lending capacity. This signals the strong resolve of the international community to secure global financial stability and put the world economic recovery on a sounder footing. These resources are being made available for crisis prevention and resolution and to meet the potential financing needs of all IMF members. They will be drawn only if they are needed, and if drawn, will be refunded with interest."

  • Joint Statement By The International Monetary And Financial Committee And The Group Of 20 Finance Ministers And Central Bank Governors On IMF Resources

    Date 20/04/2012

    The International Monetary Fund’s International Monetary and Financial Committee (IMFC) and the Group of 20 Finance Ministers and Central Bank Governors issued the following statement today on IMF resources:

    “We remain committed to take the necessary actions to secure global financial stability. We welcome the euro area members’ decisions in March to strengthen European firewalls as part of broader reform efforts and the availability of central bank swap lines. At our Joint Meeting of the IMFC and G20 Finance Ministers and Central Bank Governors today, we have reached agreement to enhance IMF resources for crisis prevention and resolution. This is the result of a broad international cooperative effort that includes a significant number of countries."

  • Financial Stability Board Reports To G20 On Progress Of Financial Regulatory Reforms

    Date 20/04/2012

    The Chairman of the Financial Stability Board (FSB) reported to the G20 Finance Ministers and Central Bank Governors today on progress in the financial regulatory reform programme.

  • IMF: Statement From Indonesia, Malaysia And Thailand

    Date 20/04/2012

    The IMF plays an essential role in supporting the stability of the global economy. The ASEAN region has a strong interest and stake in stable global growth. We support the broad-based international cooperative effort to increase the resources of the IMF for precautionary and crisis resolution purposes. Indonesia, Malaysia and Thailand will undertake the necessary domestic consultations to join this international effort.

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