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Sovereign Wealth Funds Briefing - Categorized | Market

SWFs: Appropriate vehicles for financial bailouts?

Posted on 24 October 2008

From Seekingalpha.com: The International Monetary Fund (IMF), once a saviour to economies in distress, but then relegated to being an onlooker, is suddenly being called back into action. As the list of troubled countries grows, the list of places they can seek help has not.

The IMF is nearing agreements to make emergency loans to Iceland and Ukraine, and discussing aid packages with Pakistan and Hungary. Probably we would not like to forget that it was the IMF that came to India’s rescue when we faced the currency crisis back in 1991….. Full Article: Source


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