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Dominique Strauss-Kahn

Norway may back IMF with $4.5 bln: Strauss-Kahn

Dominique Strauss-Kahn 30%

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IMF Director General Dominique Strauss-Kahn on Saturday said that Norway is ready to contribute as much as 4.5 billion dollars to funding for the International Monetary Fund. "I welcome the announcement today by Finance Minister Kristin Halvorsen that Norway's Ministry of Finance and Norges Bank (central bank) are exploring a possible Norwegian contribution of up to 30 billion Norwegian kroner (about 4.5 billion dollars US) of financial resources to the IMF to ensure that the Fund is capable of meeting the borrowing needs of its member countries that might arise in the current crisis," Strauss-Khan said.

"In making this announcement, Norway is adding to the important steps already made by the European Union and the Government of Japan toward stabilizing the global financial system during this period of unprecedented stress," the IMF chief added. "We hope that other countries ay now provide their own support to our efforts to restore stability to the global economy."

 

Mar 28, 2009

WASHINGTON (AFP)

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10.4.09


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