Monday, March 9, 2009

The IMF has requested 25 billion dollars for the poorest countries.

SyuzhetyAntikrizisnye loans MVF03.03.2009MVF granted a half a billion dollarovMezhdunarodny Monetary Fund (IMF) announced that the world's poorest countries need more aid, totaling 25 billion dollars, reports AFP. In the list of those most in need of emergency loans in 22 countries of Asia, Africa and Latin America.
According to IMF Managing Director Dominique Strauss-Kahn, the international community must act quickly to avoid the devastating consequences of global economic crisis for the poorest nations. Strauss-Kahn said that although the leading world economies are spending on restructuring the financial sector and stimulate the economy hundreds of billions of dollars, must be found and for those who are unable to provide themselves with protection against crises.
Director of the IMF also said that if the world economy will continue to deteriorate, the list of "problem" countries may double. According to him, for backward and developing economies, the IMF should increase its capacity for lending doubled to polutrilliona dollars.
During the current crisis fund has allocated a number of large loans to needy countries, totaling more than $ 50 billion. The IMF was forced to seek additional support from the world's leading economies, especially those who managed to accumulate substantial international reserves. In February, Japan has provided a loan fund of 100 billion dollars, thus improving the financial position of the organization.
The IMF predicts that economic growth in low-income countries in 2009 will not exceed 4 percent, two percentage points less than expected. In doing so, the global GDP will grow by 0.5 percent.

No comments: