Lending by the IMF to Programme Countries and Denmark’s Commitments to the IMF
In recent years, the IMF has granted crisis loans to several countries and approved
credit to potentially vulnerable countries via its precautionary facilities. European
countries in particular have received IMF loans since the beginning of the global crisis.
To meet the demand for loans, the IMF adapted its lending facilities and significantly
expanded its lending capacity via several measures. In 2010, it was decided to double
the IMF’s permanent resources consisting of the member countries’ subscriptions, or
quotas. In addition, several countries, including Denmark, have committed themselves
to contributing temporary resources with the aim of ensuring sufficient capacity of the
IMF. Denmark sees a great strength in an international organisation such as the IMF that
seeks to promote international economic and financial stability. Loans to the IMF can be
regarded as highly secure, and, historically, the IMF member countries never suffered any
losses by making quota resources or temporary loans available.