UK to lend IMF 15.5 bln dlrs amid global crisisThe UK will provide the International Monetary Fund with some 15.5 billion dollars to support the IMF's lending capacity amid the global downturn, the multilateral mul·ti·lat·er·al
1. Having many sides.
2. Involving more than two nations or parties: multilateral trade agreements. institution said Tuesday.
The IMF IMF
See: International Monetary Fund
See International Monetary Fund (IMF). said the British financing was part of a commitment made by the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the
European Community in March 2009 to contribute up to 75 billion euros -- "then equal to about 100 billion dollars" -- to support the IMF's lending capacity.
Borrowing agreements have also been signed with Japan, Norway's central bank Norges Bank Norges Bank / Noregs Bank is the central bank of Norway. Among other tasks it manages The Government Pension Fund of Norway, a stabilization fund that is one of the world's largest investment pools.
On December 31, 2005, the Bank had 547 employees working. and Canada.
"These agreements contribute toward an increase in fund resources that was requested in April 2009 by G20 (Group of 20) leaders and the International Monetary and Financial Committee in order to provide timely and effective balance of payments assistance to its members in the current crisis," the Washington-based institution said.