Sweden Could Lend Up To $14.3 Billion To IMF For Euro Crisis

Riksbank Governor Stefan Ingves Thursday said Sweden could lend up to a maximum 100 billion Swedish kronor ($14.3 billion) to the International Monetary Fund to support the fund's efforts to deal with the debt crisis in Europe.

Under the Swedish system it is the Riksbank which makes proposals to parliament about how much the Nordic state's contribution to the IMF should be. Lawmakers then make the final decision on the amount.

At last week's crisis summit, European Union countries agreed to provide the IMF with an extra EUR200 billion via bilateral loans. It isn't yet clear how the IMF would use the extra money, but it may decide to lend it to debt-burdened states in Europe to help them shore up their public finances.
 
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