This was accomplished thanks to an unprecedented spirit of cooperation and support, which we have witnessed since the beginning of the current crisis on the global level. Already in April 2009, in response to the breakdown of international financial markets, the international community agreed to massively increase IMF resources to a total of 750 billion US-dollars, with substantial worldwide contributions.
Already in March 2009, the EU quadrupled its balance of payments support funds for non-euro area EU member states to 50 billion EUR and the EU committed another 75 billion EUR (approx. 100 billion US-dollars) in the form of bilateral loans to the IMF in order to support its lending capacity.