Monday, Apr 20, 2009
Great news for Mr Brown, money with no strings.
Bloomberg: IMF Lending Exceeding $55 Billion Prompts Bondholders’ Anxiety
April 20 (Bloomberg) -- The International Monetary Fund may be so conscious of having handed out bad advice to needy countries in the past that it isn’t offering them enough guidance now.
The Washington-based lender is combating the worst financial turmoil in its 64-year history with more than $55 billion in loans for nations from Pakistan to Serbia. As the fund prepares to lend even more, it is retreating from its practice -- carried out with adverse effects a decade ago in Asia -- of demanding that governments overhaul their economic systems in return for aid.
Posted by flintster1994 @ 04:37 PM (383 views) Add Comment
2 Comments
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1. general congreve said...
"As the fund prepares to lend even more, it is retreating from its practice -- carried out with adverse effects a decade ago in Asia -- of demanding that governments overhaul their economic systems in return for aid."
Because the whole global financial oligarchy is propped up by ever increasing debt perhaps? Overhauling economic systems of ebtor countries would mean disbanding policies that encourage more debt, thereby undermining the global fiat ponzi scheme.
MAKE FREEDOM HISTORY!!! MORE DEBT NOW!!!
2. general congreve said...
ebtor = debtor!