Arab Today, arab today imf payment delays no help to nations in crisis
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

IMF: Payment delays no help to nations in crisis

Arab Today, arab today

Arab Today, arab today IMF: Payment delays no help to nations in crisis

The International Monetary Fund
Washington - AFP

The International Monetary Fund said Wednesday that allowing a borrower to delay repayment, as Greece has requested, is generally ineffective in helping a country overcome crisis.

"More than 30 years ago, the IMF granted a few low-income countries delays at their request, but in each case the delay proved not to help with immediate financing needs or fundamental economic problems," the global crisis lender said in a statement.

 

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