Arab Today, arab today imf offer financial help to arab countries
Last Updated : GMT 04:18:04
Arab Today, arab today
Arab Today, arab today

North Africa set to benefit

IMF offer financial help to Arab countries

Arab Today, arab today

Arab Today, arab today IMF offer financial help to Arab countries

IMF Managing Director Strauss-Kahn and Canadian Finance Minister Jim Flaherty
Washington - AFP

IMF Managing Director Strauss-Kahn and Canadian Finance Minister Jim Flaherty The head of the International Monetary Fund, Dominique Strauss-Kahn, said Friday that the lender stood ready to offer financial support to Arab countries like Egypt and Tunisia if they ask for it.
\"We\'re here to help,\" Strauss-Kahn said at a conference on the Middle East and North Africa at IMF headquarters in Washington.
In Egypt and Tunisia, where revolutions have toppled longtime strongmen, revenue from sectors such as tourism may be less this year than last year, the IMF managing director said.
The IMF \"has learned lessons\" from the recent political unrest in the region, he said.
The 187-nation institution created more than 60 years ago acts as a lender of last resort when member countries have nowhere to turn for financing, he said.
But now \"we have to go beyond\" looking at the macroeconomic picture and find ways to help build healthy economies.
\"We will be on the side of the people who tried to have things go forward.\"
Still, he said, economic growth is vital in the battle for social justice and job creation.
\"We can together build a better future for these countries. And that\'s not only important for Egypt and Tunisia, it\'s important for the whole world because this example is an example that is going to have a lot of consequences,\" he said.
The IMF was tasked Thursday to provide an economic assessment of North African economies ravaged by unrest as part of an international financial aid initiative initially focused on Egypt and Tunisia.
The European Bank for Reconstruction and Development will lead the team of multinational banks that includes the World Bank, the African Development Bank and the Islamic Development Bank.
Strauss-Kahn insisted that the IMF does not pressure a country to borrow.
\"We\'re not bankers looking for customers,\" he said. \"We\'re not coming from outside like an economic dictator saying that\'s what you have to do.\"
Strauss-Kahn, a former Socalist Party French finance minister who has helmed the IMF since 2007, emphasized the need for measures that promote macroeconomic stability.
\"For a democratic revolution, wherever it is, in Africa, in the Middle East, in Latin America... it\'s easy, after, to say okay we\'re going to spend a lot of money, we\'re going to subsidize a lot of people,\" he said.
\"If Arab revolutions are to be milestones in history, and I believe it can be the case, then I believe the success relies on building democratic institutions, and also labor organizations,\" he added.
Sitting on the same panel discussion was the new head of Tunisia\'s central bank, Mustapha Nabli, who spoke in broad terms about whether the new transitional government would seek an IMF loan.
\"The question is not if you need financing. Any financing can be good and can be bad. That\'s the way you use it. You can have corruption, you can have mismanagement,\" Nabli said.
\"That\'s why the democratic process is so important,\" he added. \"It\'s not an easy ride that we\'re going to go through.\"
Tunisia\'s justice minister announced Thursday that toppled president Zine el Abidine Ben Ali faces 18 charges, including murder and drug trafficking.
Tunisians will vote July 24 for a national constituent assembly that will develop a new constitution.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf offer financial help to arab countries Arab Today, arab today imf offer financial help to arab countries

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 10:06 2017 Friday ,17 February

South Korea's Hanjin Shipping declared bankrupt

GMT 09:26 2017 Friday ,17 February

Samsung's history tainted by run-ins with the law

GMT 09:20 2017 Friday ,17 February

Samsung heir arrested in corruption probe

GMT 10:26 2017 Thursday ,16 February

Dollar, equities stutter in Asia after Trump rally

GMT 08:45 2017 Thursday ,16 February

Hanjin saga reveals S.Korea corporate governance flaws

GMT 09:40 2017 Wednesday ,15 February

Heineken profits drained in 2016 by currency turmoil

GMT 09:10 2017 Tuesday ,14 February

Sharjah Chamber Eyes Strong Economic Ties with Belgium
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday