Tuesday, April 21, 2009

Obama further convey the IMF U.S. $ 100 billion

U.S. President Barack Obama proposes to make further from the U.S. in the IMF of $ 100 billion this idea the president announced in a letter the congressmen. This additional contribution from the United States "will not be included in the expenditure budget and not increase the budget deficit, as between the IMF and the United States will be exchanged assets," said Obama. Recall that in the London summit, "the big twenty" 2 April Heads of the leading economies of the world have agreed that the budget of the IMF will be tripled - to 750 billion dollars of those funds through the IMF plans to help developing economies to overcome the crisis period. Obama warned that "deteriorating economic conditions threaten to exacerbate recessions in those countries and the collapse of their national currencies." "In combination, these factors will further weaken the global economy and, as we have seen during the Asian financial crisis in the United States will cause a sharp drop in new economic growth, employment and exports," - says the head of the White House. Recall earlier IMF called on members of the organization to further raise funds in order to work together to combat the economic crisis. The European Union has promised to allocate about $ 100 billion, the same amount in February, promised to pay to Japan.

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