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Article: IMF study gives high marks to its crisis support.(Report)
- Article from:
- Times of Oman (Muscat, Oman)
- Article date:
- September 28, 2009
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Byline: AFP
WASHINGTON: International Monetary Fund support of 15 emerging market countries in the global financial crisis helped them weather the worst of the turmoil, according to an internal IMF study published Sunday.
A mix of increased resources, policy flexibility, and more focused conditionality on financing had allowed the IMF to provide improved support, the 186-nation institution said.
In the report "Review of Recent Crisis Programs," the IMF said the fund-supported programs were delivering the kind of policy response and financing needed to help cushion the blow from the worst financial crisis since the 1930s Great Depression.
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