Press Release No. 09/300

Press Release: IMF Managing Director Dominique Strauss-Kahn Welcomes India's Commitment to Buy up to US$10 Billion of IMF Notes

September 5, 2009

The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding India’s commitment to invest up to the equivalent of US$10 billion in IMF notes.

“I welcome the announcement by India of its intention to support the Fund’s lending capacity through the purchase of up to US$10 billion worth of IMF notes. This investment will help underpin the international financial system by ensuring the Fund has adequate resources to meet the financing needs of its membership, demonstrating the commitment of the Indian authorities to multilateral cooperation.”

Useful links:

Agreements bolstering lending capacity:

http://0-www-imf-org.library.svsu.edu/external/np/exr/faq/contribution.htm

Factsheet on Note Issuance:

http://0-www-imf-org.library.svsu.edu/external/np/exr/facts/imfnotes.htm

A Framework for the Fund's Issuance of Notes to the Official Sector:

http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4347

Factsheet on increasing the Fund’s resources:

http://0-www-imf-org.library.svsu.edu/external/np/exr/facts/imfresources.htm

IMFC Communiqué, April 25, 2009:

http://0-www-imf-org.library.svsu.edu/external/np/sec/pr/2009/pr09139.htm

April 2009 G-20 London Summit final Communiqué:

http://www.londonsummit.gov.uk/resources/en/news/15766232/Communique-020409