A Tough Line Against Global Economic Collapse

Article Abstract:

At an interim meeting in February 1983, the International Monetary Fund (IMF) agreed to raise subscriptions by nearly fifty per cent. In further action the IMF is urging commercial banks to continue lending to countries teetering on the brink of total economic collapse. Jacques de La Rosier, managing director of the IMF indicated that continued lending by foreign banks was a necessity, as the world faces the possibility of worldwide depression. De La Rosiere feels that these measures are only temporary and that a worldwide recovery is the only long range solution to the crisis.

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Rising Tide of Debt Puts Banks under Regulatory Pressure

Article Abstract:

Banks worldwide face the possibility of stiffer regulations being imposed by their governments following the recession and lending disasters to developing countries. The United States is especially likely to respond to the banking communities problems by proposing beefed-up regulations. Care must be exercised not to regulate the banks to the extent that there will be no funds available for developing countries. Such an occurence would do immeasurable harm to the world economy.

Banking industry, Laws, regulations and rules

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Why the IMF's Plan Benefits Everyone in the Sovereign Lending Mess

Article Abstract:

Speculation that debtor nations of the world might conspire a joint default points up the vulnerability of Western banks. Though such a scenario is unlikely the consequences to the banks and creditor nations would be disastrous. It will serve everyone's best interest if the International Monetary Fund (IMF) proposals succeed in gradually pulling the world out of its present crisis.

Balance of payments, Default (Law)

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