The IMF offers Haiti a $7.4mil loan

Santo Domingo – The International Monetary Fund (IMF) has offered Haiti US$7.4 million for the reconstruction of the earthquake-ravaged nation, local press said on Thursday. The fund is part of the $46.9 million from the fifth credit line set up by the IMF on July 2010, when the Fund condoned Haiti a debt of about … Continue reading “The IMF offers Haiti a $7.4mil loan”

IMF welcomes Spain’s 100bn Euros bailout

Pretoria – International Monetary Fund (IMF) Managing Director Christine Lagarde has welcomed the Eurogroups’ commitment to support Spain financially. Eurozone finance ministers confirmed at the weekend that the single-currency area is ready to offer up to 100 billion euros (about 125 billion US dollars) in financial aid to rescue Spain’s ailing banking sector. “The loan … Continue reading “IMF welcomes Spain’s 100bn Euros bailout”