Global Financial Crisis Hits Poor Nations

(6 Mar 09 - RV) The International Monetary Fund issued a report this week warning that the global financial crisis had shifted to the world's poorest nations and 22 countries may need as much as $25 billion in additional funding in 2009 to cope with the downturn. Hugh Bredenkamp, is one of the report’s authors and Deputy Director of the Strategy, Policy, & Review Department  at the IMF.