Monday, January 17, 2011

IMF Visits Spain Amid Bailout Fears

A delegation from the International Monetary Fund (IMF) has travelled to Spain amid widespread speculations that the debt-ridden country might need an international bailout.

The delegation will visit Spain on Monday in order to conduct a routine study on the country's financial system as part of an annual global report, AFP reported on Sunday.

"An IMF staff team is currently traveling to a number of countries as part of its preparatory work on the April 2011 Global Financial Stability Report -- the IMF's regular report on global financial conditions," an unnamed IMF spokeswoman said.'


No comments:

Post a Comment

Thanks for your comment it is much appreciated.