Dubai has refused to give guarantees for the debts of Dubai World.

The Government of the Emirate of Dubai is not the guarantor of the debts of state fund Dubai World. This statement was made director of the Department of Finance Dubai Abdurahman Al Saleh (Abdulrahman Al Saleh) in an interview with state television channel, Dubai TV, reported Bloomberg. According to Al-Saleh, state fund would not receive funding under the state guarantee, as well as planned projects. Thus, the responsibility for the financial condition of the Fund are, first of all, investors. Debt Dubai World to investors is 59 billion dollars. Lenders fund are more than 70 international financial institutions, including banks Royal Bank of Scotland, HSBC Holdings, Barclays and others. Recall, 26 November Dubai appealed to investors with a request to postpone for six months payments on the obligations of Dubai World. After that, the world stock, commodity and currency markets panic, as investors viewed such a request as a default threshold of Dubai World, and possibly the beginning of the second wave of the crisis. November 28-29, the emirate's government held a series of meetings leading up to the UAE central bank announced its readiness to help Dubai. In particular, the central bank created a special program to provide liquidity.