FACTBOX - Global lenders IMF give aid in financial crisis

Mon Nov 17, 2008 12:11pm GMT
 
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(Reuters) - International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn told the BBC that his organisation was likely to need at least $100 billion (67 billion pounds) in extra funding over the next six months in order to help countries out of the mire.

Below are details of some its existing lending packages and current funding:

RECENT RESCUE PACKAGES:

* BELARUS:

-- Belarus is seeking a $2 billion loan in what officials have said was a "precautionary" measure against the impact of the global financial crisis. The IMF has put conditions on the issuance of any loan for Belarus, the country said last week, adding that the demands can be met.

* HUNGARY:

-- The IMF, the EU and World Bank agreed to a $25.1 billion economic rescue package for Hungary in the biggest loan for an emerging market economy since the global crisis began.

-- Hungary turned to the IMF for help in order to shore up its forint currency and markets and shield the economy from the global financial crisis.

-- The package, also taking into account Hungary's FX reserves of about 17 billion euros (14.5 billion pounds ), was more than sufficient to cover Hungary's short-term financing need of around 32 billion euros in the next 12 months, including a current account deficit of about 5.6 billion euros expected for 2009.  Continued...

 
Lloyd Blankfein, Chairman and CEO of Goldman Sachs, participates in a panel discussion at the Clinton Global Initiative in New York September 23, 2009.   REUTERS/Chip East
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