- In this deep international crisis it is important that the IMF have enough resources so they can lend out money. It is natural that Norway, who have international resources, contributes to this, said Stoltenberg. The prime minister participated in a top meeting on progressive response to the financial crisis in Vina del Mar in Chile. President of Chile, Michelle Bachelet, hosted the meeting.
Among the participants was also US Vice President Joseph Biden, Prime Minister in the UK, Gordon Brown, president of Brasil, Luiz Inacio Lula da Silva, the directors for WTO, ILO and regional banks in Latin America. The meeting was organized by the Progressive Governance Network that president Bill Clinton launched in 1999. The network gathers around twenty political leaders and other key-people from all over the world. The ambition is to let the participants discuss the 21st century’s challenges based on common values such as solidarity, social justice, equality and common responsibility.
The resource situation for the international finance institutions are among the important topics during the G20 meeting to be held in London 2nd of April. Attention is needed to strengthen the lending capacity to the IMF. The Norwegian Ministry of Finance have sent a letter to the IMF director offering the extra resources. The letter also clarify the Norwegian G20-views.
You can read the letter from the Norwegian Minister of Finance to the IMF and the press statement from the IMF director by following the links to the right.