The Swiss government enforced 10 billion dollars to the International Monetary Fund to increase its lending capacity to countries, which are under danger of the global recession. The Swiss Federal Council, the government’s executive branch, declared the support, and the final decision to administer the money deposits with parliament.
The world’s leading 20 economies, at a London summit called for states to increase the funds possible to the IMF to 750 billion dollars, an increase of 500 billion dollars, so that it can lend to states hit which are particularly seriously by the financial crisis.
Swiss Finance Minister Hans-Rudolph Merz reported a newspaper, that Switzerland, especially as an exporting nation, had concern in maintaining the financial stability of other countries. Switzerland is a member of the IMF since prior last decade but has yet to make a loan.
The Council also said Switzerland will have two seats on the new Financial Stability Board, which displaced the Financial Stability Forum as member of the new architecture designed at the time of the Group of 20 summit in an effort to increase global maintenance. Switzerland is not a member of the G20 bloc or the European Union, that is member of the international forum.