IMF spare poorest – without interest until 2011

International Monetary Fund announced an unprecedented strengthening of aid to poor countries by the end of 2011 repealed the payment of the interest they owe on their loans and increase significantly the size of loans tyah.Okolo 80 countries could potentially benefit from this decision. Annual interest to be paid during this period the IMF ranging from 0.5 percent a year for tekushite loans and less than 0.25 percent of loans to be granted after this reform, to be canceled in 2011, said the director of the teleconference strategic department IMF Reza Mogadam. New loans to these countries may reach 17 billion dollars by 2014, of which 8 billion will be allocated over the next two years. This is an unprecedented expansion of IMF support for the poorest countries, said General Director of the IMF Dominique Stros-Cannes. Mogadam clear that the IMF has given loans amounting to one billion dollars to the poorest countries on the planet between 2006 and 2008. and three billion dollars since the beginning of the year. Recalling that the big industrial countries and countries with developing economies of the G20 have requested the assistance of the IMF response to the global economic crisis that hit especially developed countries, Stros-Kahn said that the fund has taken a number of measures. Extending the amount of funds that the IMF helps these countries to overcome the crisis for which they are responsible is the one side, but this marker will help to progress in the fight against poverty, when the crisis passes, he stressed.

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