Danish central bank signs $6.7 billion IMF loan deal

Published October 12, 2012

| Reuters

Denmark's central bank said on Friday it had signed a bilateral loan agreement with the International Monetary Fund (IMF) worth 40 billion Danish crowns ($6.94 billion) to help boost the IMF's resources.

The agreement followed up on the commitment from a number of countries in the spring to increase IMF resources by $456 billion to support its capacity to promote global economic and financial stability, the central bank, Nationalbanken said in a statement.

(Reporting by Mette Fraende. Editing by Jeremy Gaunt.)

URL

http://www.foxbusiness.com/news/2012/10/12/danish-central-bank-signs-67-billion-imf-loan-deal/