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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.91

+0.4%

Nov 11 4:00 PM EST

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To: TobagoJack who wrote (6720)	5/25/2006 12:48:07 PM
From: elmatador	Read Replies (1) of 217694

IMF facing first annual loss in decades turned to a group of international financial heavyweights to figure out how to pay its bills. ... In the past the 184-nation lending organization has resorted to selling some of its gold reserves to finance operations businessweek.com 28.12.2005: Message 22008934 The cow dried up! IMF in dilemma as new loans decline. New loans in the last financial year, at $2.5bn (€2.1bn, £1.4bn), were the lowest since the late 1970s, even before adjusting for inflation. Brazil, Argentina, Turkey and Indonesia account for more than 70 per cent of total outstanding loans -which have fallen from $90bn in April 2004 to about $66bn at the end of November. IMF in dilemma as new loans decline. By Andrew Balls in Washington Published: December 28 2005 02:00 \| Last updated: December 28 2005 02:00 A decision by Brazil and Argentina to repay their loans to the International Monetary Fund ahead of schedule raises the question of whether the institution needs a new business model. Brazil also paid the Paris Club in advance and has alreay the USD5.6bn to pay the debt maturing in 2006 1st semester WASHINGTON (Reuters) - Emerging market countries are repaying more than they are borrowing from the International Monetary Fund after years of large bailouts, according to the lender's 2005 annual report on Friday Come on TJ! Go there and buy some gold from the IMF. They need to pay for the First Class tickets and the five start hotels :-) We are not going to do that anymore!

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