Wonderland Wire

news that’s really fit to print

IMF Begins New Loan Program for Countries With Strong Economies

leave a comment »

22 Apr 09 | VOA News

The International Monetary Fund has begun a new program to provide emergency credit to governments with strong economic track records. Mexico became the first to qualify for the program last week, and two more countries, Poland and Colombia have applied for it. The IMF credit does not come with its traditional condition that governments have to change their economic policies.

When leaders of the world’s 20 major economies met in London early this month, they endorsed a new International Monetary Fund program for combating the global economic crisis.

Under the program launched in March, governments with sound economic policies can secure an immediate IMF loan in case of a threat to their financial system. >>>


Written by Editors

22 April 2009 at 2:21 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: