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RZB: IMF funding, a variant to consider in case of crisis

Resorting to the financial resources of the International Monetary Fund (IMF) could be a variant to consider in the context of the current international financial crisis, Raiffeisen Bank chief economist Ionut Dumitru on Monday told a roundtable meeting dedicated to economic issues.

Dumitru explained that with foreign financing growing progressively more expensive because of the global financial crisis, the IMF comes in the spotlight again, as a provider of financial resources accessible to countries that have relations with the respective financial institution.

'I do not know if we can think of such an approach at this moment, but this is evidently a possibility worth considering,' said Ionut Dumitru.

In the opinion of the Raiffeisen Bank chief economist, some countries will probably weigh accessing funding made available by the Fund, but he warned that such a move also requires adopting highly prudent macroeconomic policies.

The Raiffeisen representative attended on Monday the roundtable meeting 'Romanian economy. Realities and perspectives' organized by a group of deputies.

 

Sursa: http://www.rompress.ro

Tags: financial crisis

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