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Opening Bell: 04.23.12

IMF And World Bank Meetings End With Little Agreement (NYT) To be sure, the additional $430 billion in lending capacity contributed by developed economies like Japan, Britain, Saudi Arabia and South Korea was seen as a major achievement. The contributions came after I.M.F. economists determined that countries around the world might require up to $1 trillion in new loans because of the combined effects of the sovereign debt crisis in Europe and sluggish global economic growth.
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Will India’s IMF Move Work?

News / International Affairs : The Diplomat (3 years ago)

Last week, the G-20 states agreed to bolster the IMF’s lending capacity by $430 billion to help avert further fallout from the crisis in the Eurozone. Japan was to add $60 billion, with other donors including Saudi Arabia and South ... Read Post

AfDB commits $7.5m for Africa capacity

Business & Finance : Business Report (3 years ago)

The International Monetary Fund (IMF) and the African Development Bank (AfDB) have signed an agreement for a contribution of US$7.5 million by the AfDB to support IMF capacity building in Africa through the third phase of the Africa... Read Post

Japan: not aware of IMF $600 billion euro zone aid plan, nor is South Korea and the Speculations Continue

News : The Coming Crisis (3 years ago)

A Japanese government official said on Thursday he had not heard of a reported $600 billion IMF lending facility to help the euro zone, although Japan would consider providing bilateral loans to the Fund if warranted by developments... Read Post


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