IMF Wants to Tap Financial Markets
The International Monetary Fund has a plan to the multilateral
lenders financial markets in the Member States can help beat crisis,
according to a document directly to proposed published Thursday.
"Can there circumstances where it is necessary, or better efficiency
reasons, the funds from the Fund to expand significantly "the IMF in
a report by the 23rd March and published said Thursday.
"While in the financial world, it was possible, of what the Member
countries, the process took and can not always be politically be
possible, "he said. Instead, said establishing the Central from
markets in the short term to supplement existing resources "Might be
worth exploring 'borrow it. The news comes a day according to the
IMF, that in Portugal, the latest euro-zone nation said that a
bailout of debt Woes make ready stood.
In the midst of global financial crisis, the IMF tried to focus its
resources Expand lending capacity tripled. While commitments from
the group of 20 major economies Garner could have, You can only be
achieved this goal in March of this year. "Usable Resources, "the
crisis loans account for medium or income countries now totals 671
billion U.S. dollars, the highest level since the IMF was founded
more than 60 years.
If there was no immediate reaction from Member States that the plan
would have to agree, but it could face resistance. The IMF Since its
foundation funded a quota system share, which now 187 Member States,
contains 100 percent of its members. Domenici Lombardi, an economics
professor and former IMF manager for Italy said that no IMF
resources to increase in the international capital markets have
held, however, that some States may not be the institution, its
independence remove. Lombardi pointed out that other multilateral
institutions like the World Bank by the markets borrowed "and the
fund can certainly learn from the experience."