IDB has 3bn dollars reserve fund in the event of a major global crisis

Sunday, October 9th 2011 - 09:40 UTC

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The Inter American Development Bank, IDB, has a special reserve for emergency loans of 3 billion dollars “in the event of a major global financial crisis”, said Roberto Vellutini, IDB Vice-president following meetings in Paraguay. Read full article

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GeoffWard2
“IDB has 3bn dollars reserve fund in the event of a major global crisis”

I think it has already happened.

Better give the 3bn to Argentina as soon as possible.
Oct 09th, 2011 - 02:51 pm - Link - Report abuse 0
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Forgetit87
3bn dollars, what a joke. Goes to show how irrelevant these institutions are nowadays.
Oct 10th, 2011 - 02:40 am - Link - Report abuse 0
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GeoffWard2
Perhaps, under the pressure from national governments in whose countries the banks have to operate, they will build reserves sufficient to the little crisis of the last few years.
Otherwise, and with all(?) nations of the world running state economies on debt/interest rather than accumulated real funds, the size of the problem will always greatly exceed any nations capacity to fight its way out of a 'banking problem'.
Oct 10th, 2011 - 10:06 am - Link - Report abuse 0
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