Friday, October 10, 2008

Financial crisis: IMF draws up emergency bail-out plans for countries

The International Monetary Fund has drawn up emergency plans to bail out governments affected by the financial crisis, after warning yesterday that no country would be immune from the ripple effects of the credit crunch.
Dominique Strauss-Kahn, the Fund's managing director, said it could make "hundreds of billions of dollars" available to either rich countries in the west, or to developing nations. ... MORE

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I hope the Malaysian government is fully prepared for this turbulance. Are we? InsyaAllah

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