“Many of Norway’s trade and cooperation partners are in a difficult economic situation. We have a strong interest in international economic and financial stability”, says Stoltenberg.
Norway’s loan offer is conditional, depending on a broader international effort.
The euro area countries promised Monday to make loans totalling 150 billion euros available for the IMF. Several EU countries outside the euro area have also declared their willingness to offer new loans. Countries outside Europe are considering additional contributions.
Pending the approval of the Norwegian Parliament, Norway’s loans will be made available to the IMF’s general lending operations. The funds will therefore be available for all IMF member countries, and not earmarked for any particular region or group of countries.
This can also be read at the website of the Office of the Prime Minister.