Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Join Us for Dinar Discussions and More -- We Keep it REAL
HomeSearchFAQLog inRegister
Dinar Daily is once again OPEN to GUEST POSTINGS.
No membership required to paritcipate.
Please feel free to create a discussion or post in any previous threads
Follow us on TWITTER

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Post new topic   Reply to topic
Share | 

 IMF looks to raise $600 billion in new resources:

View previous topic View next topic Go down 
Happy Life
VIP Member
VIP Member

Posts : 514
Join date : 2011-11-16

PostSubject: IMF looks to raise $600 billion in new resources:   Wed Jan 18, 2012 9:41 am

By Lesley Wroughton

WASHINGTON (Reuters) - The International Monetary Fund
is estimating it needs to raise up to $600 billion in new resources to
lend to countries struggling with the fallout from the growing euro zone
debt crisis, IMF sources said on Wednesday.

While the IMF estimates it will need $500 billion of
the money to lend to member countries, the remaining $100 billion will
be used as a "protection buffer," the sources, who were present at an
IMF board discussion on the issue on Tuesday, told Reuters.

The IMF also estimated that there would be a $1
trillion global financing gap over the next two years if global economic
conditions worsened considerably, the sources added.

The IMF currently has a lending capacity of about $380
billion. IMF sources said a European commitment to inject 150 billion
euros ($200 billion) into the IMF is included in the $600 billion

The new figures comes as G20 deputies from developed
and developing nations gather in Mexico on Wednesday for preliminary
talks on boosting the IMF's war chest, with concerns growing that the
euro zone debt crisis has worsened.

IMF Managing Director Christine Lagarde said on Tuesday
she met with the IMF board to assess whether the- global lender needs
additional funds to respond effectively to the euro zone crisis and said
IMF management would explore options for increasing the Fund's

The IMF has warned it will cut global growth
projections for 2012 when it updates its forecast on January 24.
Weakening global prospects raises fears that more countries will need
rescuing by the IMF, especially if capital markets freeze up completely.

($1 = 0.7851 euros)

(Reporting By Lesley Wroughton; Editing by Theodore d'Afflisio)

Being HAPPY doesn't mean everything is perfect.
It means that you've decided to look beyond the imperfections!
Back to top Go down
View user profile
IMF looks to raise $600 billion in new resources:
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Post new topic   Reply to topicJump to: