Loans to other countries

Sweden has long contributed to and supported internationally coordinated crisis management measures through its membership of the EU and via international financial institutions such as the IMF. However, it can sometimes be necessary to extend extra credit directly to the countries in question.

Ireland

Swedish credit line: SEK 600 million

Swedish credit disbursed: SEK 300 million

The financial support package totals EUR 85 billion. Ireland itself is contributing EUR 17.5 billion towards the resolution of its banking problems. The remaining sum is divided equally between the IMF (EUR 22.5 billion), the EU lending facility EFSM (EUR 22.5 billion) and the euro area lending facility EFSF plus bilateral creditors (EUR 22.5 billion).

The bilateral creditors are the UK, Sweden and Denmark.

Iceland

Swedish credit line: EUR 495 million.

Swedish credit disbursed: EUR 495 million. EUR 205 million is currently outstanding following two early partial repayments from Iceland.

Total support package: just under USD 5 billion:
IMF: USD 2.1 billion
Nordic countries (Sweden, Norway, Denmark, Finland): EUR 1.775 billion
Poland: USD 200 million
Faroe Islands: USD 50 million

Latvia

Swedish credit line: EUR 720 million

The support package to Latvia has been wound up. The availability period of the Swedish credit line expired on 22 December 2011. Sweden's credit was not used.

Total support package: EUR 7.5 billion:
EU: EUR 3.1 billion
Nordic countries (Sweden, Norway, Denmark, Finland, Estonia): EUR 1.9 billion
IMF: EUR 1.7 billion
World Bank: EUR 400 million
Czech Republic: EUR 200 million
Poland: EUR 100 million
European Development Bank: EUR 100 million.

Government Communication 2009/10:244: Conditions for Sweden's credit to Latvia

There are a number of other international support packages in which Sweden is involved as part of our membership of the IMF and/or EU:

Greece

Financial support to Greece amounts to EUR 256.7 billion, of which the euro area countries account for EUR 208.9 billion and the IMF for EUR 47.8 billion.

Sweden is not providing credit as part of the EU, as the support is being given by the euro area countries together with the IMF. However, Sweden is participating within the framework of the IMF's part of the programme through our quota.

Portugal

Financial support to Portugal amounts to EUR 78 billion. The sum is divided equally between the IMF (EUR 26 billion), the EU lending facility EFSM (EUR 26 billion) and the euro area lending facility EFSF (EUR 26 billion).

Sweden's financial commitments to the IMF

Sweden's financial commitments to the IMF are managed by the Riksbank. The Swedish stake in the IMF - its 'quota' - totals around SEK 25 billion. In addition to this, the Riksbank has a temporary, bilateral loan agreement with the IMF, as well as a commitment to provide resources to the IMF's multilateral New Arrangements to Borrow (NAB) credit facility, which together may total a maximum of approximately SEK 45 billion. The IMF uses these resources for all its lending and the burden of financing is divided as evenly as possible among the member countries.

Borrowing for the EU facility EFSM

The European Commission finances any loans from the European Financial Stabilisation Mechanism (EFSM) by borrowing on the market. In the event of a member country defaulting on a loan that falls due, the borrowing guarantees given by the member countries in the EU budget may be called upon. Sweden's share totals 3.1 per cent of the sum that may need to be covered in such a case. The EU facilities consist of two parts: the EFSM, which includes all EU Member States, and the European Financial Stability Facility (EFSF), which only includes the euro countries.