9th Blog Post

Bosnia to get IMF rescue loan if it starts saving

http://www.cnbc.com/id/30595497/for/cnbc/

Officials say Bosnia will have to cut spending to get a euro1.2 billion loan from the International Monetary Fund. The three-year standby arrangement should help the country overcome the impact of the global crisis. Bosnia's Prime Minister Nikola Spiric told media Wednesday that the talks with the IMF have been concluded and that the country can count on the financial injection if it decreases budget spending by June and revises its various budgets by August.  If the saving measures are implemented, the IMF executive board will approve the loan and the first euro200 million would reach Bosnia's Central Bank in July.

 

IMF: Latam recovery quicker than advanced economies

http://www.cnbc.com/id/30598619/site/14081545/for/cnbc/

The Latin American and Caribbean region will recover more quickly from the global crisis than advanced economies because they are less exposed to systematic banking problems and have more flexibility regarding policies to spur growth, the IMF said on Wednesday. In a report on the hemisphere's outlook, the International Monetary Fund said it expected Latin American and Caribbean growth to rebound around 1.5 percent by 2010 while prices of the region's commodity exports should recover 3 percent next year.

 

World Bank Sees Bleak Prospects For Asia

http://www.forbes.com/2009/04/07/asia-world-bank-markets-economy-forecast.html

Excluding China, Asia’s financial crisis has not bottomed out yet and is expected to get worst in the rest of 2009.  This is very interesting to America because we are perceived as a country that has already bottomed out of its recession and is expected to start growing again.  This Asia problem, will only hurt the US economy in the long run and there will be an balancing act that will have to take place over the next couple of years.  America will also hurt by the lack of imports and exports that occur on an unprecedented level between the two countries.