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    Is it true that IMF can only grant loans to member countries and not all the countries of the world?

    Question #109424. Asked by armindasantana. (Oct 04 09 8:38 AM)


    BRY2K

    		There is truth to this-

    The IMF says of its mission in the world: "Any member country, whether rich, middle-income, or poor, can turn to the IMF for financing if it has a balance of payments need—that is, if it cannot find sufficient financing on affordable terms in the capital markets to make its international payments and maintain a safe level of reserves. IMF loans are meant to help member countries tackle balance of payments problems, stabilize their economies, and restore sustainable economic growth."

    http://www.tamilnation.org/tamileelam/aid/090720imf.htm


    Oct 04 09, 8:49 AM
    queproblema

    		I don't think there's a bank in the world that would lend money to someone who didn't have an account with them.

    Even financial institutions who cater to--or take advantage of--the "unbanked" use words like "apply" or "sign up" that in essence mean you "join" or become a member of their institution.

    Bankers do not just sit on street corners handing out cash.

    http://www.creditloan.com/
    http://www.personalcashadvance.com/

    Oct 04 09, 12:40 PM

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