This amount corresponds to about 55 billion NOK. It will represent a doubling of Norway's total borrowing limit to the IMF.
– We have a strong interest in economic and financial stability internationally. Norway has considerable international reserves. It is therefore natural that we participate in an effort to strengthen the IMF's lending capacity, says Finance Minister Sigbjørn Johnsen.
Johnsen also noted that unemployment is high in many countries, especially among young people and there is therefore need to create room for growth that could reduce unemployment.