Monday, October 19, 2009

Stabilization loans from the World Bank

Economic health crisis shook the economy of certain countries. Majority of nations around the world have begun to rapidly search tools. Of course almost all of them asked for money from international institutions such as the International Monetary Fund and World Bank. These institutions, most countries still provide stabilization loans, but allocated money for part of a gradual, so-called tranches. And now the World Bank has pledged more money stabilizing the two countries. Those countries are Georgia and Armenia, which will have 85 and $ 60 million respectively. The money will be listed shortly and will be spent on restoring the economy from the adverse effects of economic crisis, as well as on political reform. A couple of months ago, these two countries are actively negotiating with Russia and the United States. They also requested additional funds in the form of the loan. The agreement they have received. A total of stabilization money they have collected the amount of 4,5 billion dollars. If you look at what pace with the world economy is moving now, then you can say the money the country with a weak economy will get, but here is how efficiently they will use them?

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