United Nations Radio

The International Monetary Fund -IMF says it is ready to lend to countries in dire need of capital due to the current global economic crisis.

The announcement came on the weekend after the leaders of the world's largest economies gathered in Washington DC for the IMF-World Bank Annual Meetings, endorsed a plan to bring stability to financial markets.

IMF Managing Director Dominique Straus-Kahn (photo)told a press conference that in 2009, growth will come from emerging market economies.

But he says at the same time, emerging market economies are now being affected by the situation.

"By the decreasing rolls in advanced economies and the consequences of trade affected by cuts in credit lines and especially trade credits. That's why I have yesterday activated emergency procedures of the IMF to respond quickly with high access to financial programmes based on streamlined conditionality which is focused on the crisis-response priority."

Strauss-Kahn says the IMF is ready to answer any demand by countries facing problems.

This is Donn Bobb reporting for United Nations Radio.

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