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IMF Urges Swift Action to Stop Spread of Economic Crisis

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October 11, 2012 6:22 AM GMT

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The International Monetary Fund has urged policymakers across the world to take swift action as the eurozone crisis and global slowdown have started affecting the emerging nations, a major force in pulling the world out of the 2009 recession.

"We expect action and we expect courageous and cooperative action on the part of our members," said IMF chief Christine Lagarde ahead of the annual meeting of the IMF in Tokyo.

Echoing the same sentiment, World Bank President Jim Yong Kim said: "Developing countries, which have been the engine of growth, will not be immune to the increased uncertainty in the global economy."

Two major emerging nations have cut their base interest rates reflecting the global uncertainty and domestic growth.

Brazil has cut its benchmark interest rates by 25 basis p


Added: Oct-11-2012 Occurred On: Oct-11-2012
By: gemini
In:
Regional News
Tags: economy
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  • Comment of user 'LSDforuandme' has been deleted by author (after account deletion)!
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  • Fuck the international speculator jew Christine Lagarde and fuck the jew's IMF.

    Posted Oct-11-2012 By 

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  • Obama must be at fault here, Mitt Romney will save us all as president! :D

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  • I only clicked to see this beautiful blonde with great tits! What a hottie!

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  • Nice rack Ann

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  • IMF employees pay NO TAX, since they are not tied to any country! But they have no problem dictating to those said countries, I think it's time we clean up the vermon!

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  • Keep printing money, just like the Weimar Republic did. Brilliant!

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  • LOL, your swift action is about 7 years too late.

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  • We expect you to eat canned beans.....They should have let the economy tank and let it re correct itself.....I would have been in a prime position to buy a house....but with bailouts.....and waiting for 3-4 yrs, I purchased a home even though I knew this was coming. Im pissed off

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  • There will never be enough money. Eventually the EU will collapse

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  • Oops, we threw a wrench into the works, while trying to fix it. Oh well, now you're enslaved even more, but that's a good thing, because there are too many of you and the vast majority of you are worse than useless. So, let's let another wrench slip. Oops, now we're going to send you to fight for control over the earth. Sadly, we can't seem to arrange for enough people to die. It's not like the fun we had last century. Now there are nuclear weapons and nuclear medicine. Let's throw a wrench into More..

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  • Why is it a crisis, since this has been going on for a long time. It is more of a chronic problem which keeps being put on the back burner until the richest people see a possible loss of their wealth?

    The thing the IMF is talking about is going to be what smack's us in the face here in a couple of months when the deficit reduction plan goes into effect. At which time I expect a whole lot of finger pointing, the debt ceiling to be raised, no budget to be passed and our credit rating dropped ag More..

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  • THE POWERS THAT BE ARE RUNNING SCARED, THERE WORLD IS CRUMBLING BEFORE THERE EYES!

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