'I welcome the result of the eurozone meeting,' Mr Strauss-Kahn said, adding that the IMF had been calling for months for coordinated action and was now seeing it fall into place.
'Nearly all advanced countries are now covered and the ... euro zone provisions may be extended eventually to all of Europe,' he said, noting earlier US and British proposals to safeguard their banks and financial system.
'The euro zone plan is also comprehensive,' something which the IMF had also been seeking, he said, adding: 'Altogether we are going in a good direction.'
Earlier the leaders of the 15 euro zone nations agreed in Paris on a joint strategy on Sunday to bolster market confidence by underwriting inter-bank loans and safeguarding financial institutions from collapse.
'The crisis has over the past days entered into a phase that makes it intolerable to opt for procrastination and a go-it-alone approach,' French President Nicolas Sarkozy said.
'This is indeed a joint action that we are undertaking ... This plan addresses all aspects of the financial crisis,' he added.
Mr Sarkozy said that while individual euro zone countries would unveil the scope of their own domestic plans on Monday, all had agreed a specific series of measures designed to restore confidence in the economic system.
According to a joint statement released at the end of the gathering, the leaders committed themselves to guaranteeing new medium-term loans between private banks in a bid to kick-start lending.
This offer would stand for an 'interim period' and would see governments underwriting new loans of up to five years 'on appropriate commercial terms' by a variety of means, including issuing securities.
The new procedures will be in place until December 31, 2009.
Mr Straus-Kahn noted that all the plans included provisions for the recapitalisation of the banks 'and that is essential' in tackling the crisis which has savaged stock markets and claimed some of the biggest banks among its victims.
Asked if all the measures now announced would work and be enough to stabilise the Asian markets due to open in a few hours time, the IMF head said he could not forecast what stocks would do precisely but added: 'I am confident (they will work).' -- AFP