26 Martie 2009
Mirow, EBRD: Now is the best time for East-European states to seek IMF support
Eastern European states that need budget support from International Monetary Fund should request financial assistance now, said on Tuesday the presidentof European Bank for Reconstruction and Development, Thomas Mirow.
Thomas Mirow told Financial Times that this is the opportune moment for Eastern European countries to seek IMF support.
“It would be devastating for the psychology of the market if 2009 would be marked by uncertainties, such as ‘What country would be the next to call for help?’”, said Mirow.
Romania called for financial assistance from IMF and European Union, following the steps of Hungary and Latvia. At the end of February, Mirow said the lenders in Eastern Europe would seek 150 bln dollars for recapitalization and 200 bln dollars for refinancing, in bid to wipe out the risk of a banking collapse in the region.
EBRD, European Investment Bank and World Bank have launched last month a joint lending program of 24.5 bln euros in an effort to help banks and companies in Central and Eastern Europe.
“It would be devastating for the psychology of the market if 2009 would be marked by uncertainties, such as ‘What country would be the next to call for help?’”, said Mirow.
Romania called for financial assistance from IMF and European Union, following the steps of Hungary and Latvia. At the end of February, Mirow said the lenders in Eastern Europe would seek 150 bln dollars for recapitalization and 200 bln dollars for refinancing, in bid to wipe out the risk of a banking collapse in the region.
EBRD, European Investment Bank and World Bank have launched last month a joint lending program of 24.5 bln euros in an effort to help banks and companies in Central and Eastern Europe.