International Monetary Fund (IMF) Chief Christine Lagarde
said on April 19th that the fund has received commitments of additional
resources up to about 320 billion US dollars. 
While Eurozone nations agreed to contribute 150 billion euros ($200 billion), other contributors include Japan ($60 billion), Denmark ($7 billion), Norway ($9 billion), Sweden ($10 billion), Switzerland and a group of unnamed countries ($26 billion) and Poland ($8 billion).
But all eyes at the IMF headquarters were on whether the BRICS economies seeking greater say in the running of the IMF - Brazil, Russia, India, China and South Africa - would meet the balance.
"I also received today firm indications of support from several other countries which, together with Switzerland's contribution, will amount to over 26 billion dollars. These countries will formalize their individual commitments in the coming days," Christine Lagarde added.
"I am, of course, very encouraged by this strong demonstration of support for the fund, and I look forward to further commitments from our broader membership," IMF Managing Director Christine Lagarde told Bloomberg in an emailed statement.
The IMF has been advocating the need to build a stronger global firewall of additional resources to contain any further financial crises. Pledges of financial support from IMF member countries currently total about $320 billion, with further progress expected during the Spring Meetings./
CPV
