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Blog Post
November 24, 2009
This is a joint post with Benjamin Leo.
A special new lending facility was announced in July 2009 with the objective of providing up to $17 billion in new loans through 2014 and, to entice cash-strapped borrowers, the lender is waiving interest payments for the first two years. This may soun...
Blog Post
September 30, 2009
This post originally appeared in the Business Standard.
Wanted: An Asian Managing Director and new approaches to capital flows.
The IMF will strike a triumphalist tone at its forthcoming annual meetings in Istanbul. Some of this will be warranted because the IMF’s record in responding ...
Sep
17
2009
11:30—1:00 PM
September 09, 2009
The global financial crisis that originated in the developed economies has hit low-income countries hard. As they were coping with the food and fuel price shocks of 2008, the crisis caused a sharp decline in world trade, falling commodity prices, and dropping remittances. In response, the IMF has un...
May
21
2009
2:00—3:30 PM
May 18, 2009
Spillovers from a global crisis that began in advanced economies pose a severe test to Latin America and the Caribbean region. The good news is that during this decade, countries of the hemisphere have made themselves more resilient—though not immune—by strengthening policy frameworks and reducing h...
April 13, 2009
The G-20 pledged in London late last month that they would make an additional $1 trillion available through the International Monetary Fund and other institutions to help developing countries cope with the global economic crisis. If this and other commitments materialize quickly, that’s good news in...