IMF Sets Up Emergency Loans

The International Monetary Fund (IMF) has stepped up efforts to provide emergency loans to countries in nearly every region of the world. Reuters compiled a list of the principal loan granted by the IMF Board of Governors in the last six months, based on the deepening global economic crisis:

Belarus – On January 12 this year, the IMF approved a package of financial support amounting to 2.46 billion dollars.
Ukraine – Fund approved on 6 November a loan worth 16.5 billion dollars to help the state to face the crisis.
Hungary – In November last year, IMF, European Union and World Bank have approved a package of support worth 25.1 billion dollars.
Latvia – Baltic state had to access a loan worth 7.5 billion euro in 2008, from a number of states and international organizations led by the IMF, including the European Union
Serbia – It is estimated that Serbia will conclude an agreement with the IMF worth two billion euro in April, given that the authorities try to renegotiate a new stand-by. IMF has already approved a loan of 402.5 million euro on 16 January .
Armenia – IMF approved last November a three-year program, worth 13.6 million dollars, supporting the economy until 2011.
El Salvador – IMF and the final agreement for a loan of 800 million dollars on 16 January ,
Iceland- IMF approved on 19 November a loan of 2.1 billion dollars.
Malawi – IMF announced on 3 December that approved a package of 77.1 million dollars, which help reduce the impact of Malawi of expenses of fuel and fertilizers.
Seychelles – IMF granted on 14 November a rescue package worth 26 million dollars over a period of two years, this country has a foreign debt estimated at 800 million dollars
Shri Lanka – Asian state tries to end a stand-by agreement with the IMF, whose value would rise to approximately 1.9 billion dollars.