Archive for September, 2010
International Monetary Fund (IMF) launched a new lending facility and the facility to reform the Flexible Credit Line (FCL) in line with increased demand for liquidity to anticipate crises.
New facility is named Precautionary Credit Line (PCL). The loan is designed for member countries with monetary policy and strong macro but does not meet the criteria FCL because it has a moderate vulnerability to crisis.
“This is part of an effort to strengthen the global financial sector safety net. FCL new and PCL will help us to help member countries take refuge from excessive market volatility, “said IMF Managing Director Dominique Strauss-Kahn in his official site, today.
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Economic growth (gross domestic product / GDP), annual (year-on-year) during the quarter II/2010 India is estimated to reach 10%.
“Based on constant prices, economic growth in India could rise to 10% from the previous figure of 3.7% reported,” the report obtained by the Barclays Capital business today.
This week, the Ministry of Statistics Program Implementation India (Ministry of Statistics and Program Implementation / MOSPI) India announces annual economic rate of 8.8% and based on constant prices by 3.7%.
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