IMF Prepare 8 Billion Dollars To Help Poor Countries.
IMF, Provide 8 Billion Dollars For Low Income Countries.
The International Monetary Fund (IMF), announced it had reached an agreement with the four economic powers to provide $ 8 billion fund for low-income countries.
“The agreement … to expand the IMF’s capacity to assist low-income countries are hit hard by the current global crisis,” said financial institution based in Washington.
The agreement reached with authorities in Japan, Britain, France and China.
Japan is the largest contributor to the package, promised 2.7 billion dollars through the purchase agreement that gives funds (IMF) “ leverage for a loan. Britain pledged two billion dollars and Bank of China pledged 1.2 billion U.S. dollars.
France’s central bank signed a loan agreement of two billion U.S. dollars.
The announcement came a day before the UN summit which is expected to highlight the lack of progress on the so-called Millennium Development Goals.
The purpose of this program include the reduction of poverty by half, cutting the number of hungry people by half, ensuring universal primary education and reducing child mortality two thirds by 2015.


