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Earlier on Sunday, Strauss-Kahn had said that Britain and France would allocate $4 billion to the IMF's new loan facility to help countries worst hit by the economic downturn pay for their imports...IMF pool of reserves that members could use when in...
Tags: IMF, Asian, Asia Pacific, Dominique Strauss-Kahn, Istanbul Congress Center, International Monetary Fund, social spending, emerging economies, substantial increase, annual meeting
Emerging market economies were not the cause of this crisis, but they are amongst its worst affected victims," Ashok Chawla, secretary of the department of economic affairs, told the Development Committee of the Bank. "Recession has hit the export performance...
Tags: World Bank, India, Ashok Chawla, bank lending, substantial increase