Wednesday 5 June 2013

IMF Arab Aid Rises to Record as Stiglitz Sees Dramatic Shift - Bloomberg

"Less than three years after it was criticized for endorsing policies that deepened economic disparity under Arab autocrats, the International Monetary Fund is lending more money to the region than ever.
A $1.8 billion loan to Tunisia, which the IMF board is set to review June 7, will bring total assistance to Arab countries in the past year to about $10 billion, adding to an annual record set last year, according to data going back to 1980. The Washington-based lender has already approved aid to Morocco, Jordan and Yemen and is in talks with Egypt for a $4.8 billion loan accord."

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