The IMF has just approved 17 billions dollars in zero percent loans for low-income countries until 2014. Dominique Strauss-Kahn, Managing Director of the IMF, explains the details in an interview with FRANCE 24.
Honouring its commitment
At the last G20 summit, held in London in April, the Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn promised to double the amount of financial aid to poor countries. In an interview with FRANCE 24, Strauss-Kahn reports that the IMF is honouring this commitment and an agreement has now been finalised.
The current exceptional credit crisis requires exceptional measures: the financial assistance will therefore take the form of zero percent loans. This is a first in the history of the IMF.
For the full interview, please click on the video.
Date created : 2009-07-29