International Finance

Analysis Brief

Waiting on the Eurozone

Author: Christopher Alessi

While Greece has failed to meet the budget requirements mandated by the EU and the IMF, experts say eurozone leaders will likely continue to bailout the country because the costs of letting it go are far greater.

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Primary Sources

IMF Borrowing Arrangements

The GAB and NAB are credit arrangements between the IMF and a group of members and institutions to provide supplementary resources of up to SDR 34 billion (about US$50 billion) to the IMF to forestall or cope with an impairment of the international monetary system or to deal with an exceptional situation that poses a threat to the stability of that system. Separately, Japan has agreed to lend the Fund up to US$100 billion (about SDR 68 billion) as a measure to help overcome the current global economic and financial crisis.

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Transcript

Challenges and Opportunities for the World Economy and the IMF

Speaker: Christine Lagarde
Presider: Thomas H. Glocer

Christine Lagarde, managing director of the International Monetary Fund (IMF), discusses fragility in the global economy and how the IMF can mitigate international financial crises.

This meeting was part of the C. Peter McColough series on International Economics.

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