Bloomberg News

Bundesbank’s Dombret Says IMF Currently Has Sufficient Funds

October 15, 2011

Oct. 15 (Bloomberg) -- Bundesbank board member Andreas Dombret said the International Monetary Fund has sufficient funds for now.

“The Bundesbank has always advocated that the IMF, as a quota-based institution, be equipped with sufficient funds to fulfil its important global function,” Dombret said in an e- mailed response to a question. “To ensure this, the Bundesbank has always been a reliable partner of the IMF and has made contributions within the framework of bilateral and multilateral credit lines in addition to its quota-based provisioning of funds. From the point of view of the Bundesbank, the IMF is currently endowed with sufficient funds.”

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net


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