Greece: IMF payment delays no help to nations in crisis
International Monetary Fund
Washington - Arab Today
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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