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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Performance

IMF may run out of cash to fight crisis in six months, Strauss-Khan warns

Posted on 09 February 2009

From Telegraph: Dominique Strauss-Kahn said the Fund needed an urgent cash infusion if it was to continue bailing out troubled economies in the future. Mr Strauss-Kahn also indicated that the world’s advanced economies were now tipping from recession into full-blown depression, cementing fears about the scale of the economic slump in rich nations.

The IMF head made the comments in Kuala Lumpur in Malaysia over the weekend, where he is attending a meeting of central bankers from Southeast Asia. …. Full Article: Source


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