WASHINGTON, 7 Feb — RIA Novosti. Participating countries of the International monetary Fund undertook to comprehensively allocate 340 billion dollars to ensure its lending capacity, according to the Fund with reference to the statement of its head Christine Lagarde.
“These obligations keep the overall lending capacity of the IMF and will provide assurance that the Fund will continue to meet the needs of our members. I was pleased that many countries have already made commitments, and I would like to encourage others to join this important international effort,” — are reported words of Lagarde.
It’s a commitment of 25 participants, the IMF, the funds will be allocated over the next four years.
The decision to increase reserves was adopted by the Board of Directors of the Fund in August. During the current fall meeting of governors of the IMF endorsed this decision.