Skip to comments.IMF says Arab Spring countries need USD90b (why should we foot the bill)
Posted on 05/07/2012 5:57:30 AM PDT by Milagros
IMF says Arab Spring countries need USD90b MENAFN.COM 03/05/2012
(MENAFN) The International Monetary Fund's (IMF) director for Middle East and Central Asia, Masood Ahmed, stated that countries which were swept by the Arab Spring need USD90 billion, as they lack cash, reported The National.
Ahmed added that during the current year, Arab oil importing countries will need USD90 billion, whereas the amount will be expected to grow to USD100 billion in 2013.
He also said that jobs' creation is still a main priority, as the political unrest weakened trade and tourist links with the euro zone, deteriorating economies, thus, reducing incomes and increasing unemployment.
Moreover, Egypt and Tunisia are the main countries that were affected by the Arab Spring, with new demands for faster change from citizens and the withdrawal of foreign investment have worsened the challenge.
It is worth noting that the IMF still has approximately USD35 billion available to aid Arab Spring nations, however, the rest of the amount will have to come from other organizations and countries. http://www.menafn.com/menafn/1093509796/IMF-says-Arab-Spring-countries-need-USD90b
In other words, Islamists make the Arab world even poorer.
Little barry bastard commie and his henchthugs financing the islamic world revolution. Nothing more. And yet the feckless republicans enable them ... America, we need to talk, to talk about the deep trouble we’re in for not electing the right people to be the government of our We The People Republic. We’re losing it, people!
We all got needs. Go ask the Saudis, Iraq, Kuwait, UAE, Abu Dhubai. Go ask Iran.
Ditto, it's more of an Islamic revolution anyway.
Exactly. All contributions to FR, are needed, especially in this obama-shabby-economy.
Egypt and hepatitis:
The rest of the info is gleaned from a lot of sources, and the situation is rapidly changing. Other loans were hinging on the IMF loan, which was first rejected by the military, and then maybe rejected by the MB, as well as the leading political party.
But at this point, loans are likely not enough.
They need a $100 billion, eh? That’ll bring the dollar down more for sure.
Does anyone know of a single commercial product produced in one of these countries? Other than oil - which we found, drilled and extracted for them.
Cars? refrigerators? Computers? Wheat? Tires?
If they never create anything of value, shouldn't they expect to lack cash ?
Thank you. I was not so much interested in the capital as the other evidences of the society breaking down.
Arab spring countries need our bucks so that they can turn the cash around and donate it to their guy in the white mosque.
Hmm... the "newest / freshest" Koran with the same old version of Christians/Jews being apes pigs?
Hell, why not give them the cash?
After all, WE paid for the planes they used to smash into the Twin Towers and the Pentagon...
...paying for the rope our enemies use to hang us is what we do.
(extreme sarcasm natch)
I need 2 million in cash to retire. Where do I apply?
Now your'e talking.