Christine Lagarde welcomes pledges from Algeria

The Managing Director of the International Monetary Fund (IMF) Christine Lagarde warmly welcomed, in Tokyo Saturday, the Algeria’s financial pledges of US$5 billion to contribute additional financing to the IMF.

“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 crise“