NewsWhore
11-10-2009, 03:40 PM
Economist Carlos Asilis has called for thorough monitoring of the use the government will give to the loans granted by the IMF, the IDB and the World Bank. Speaking on the TV program, "De la Semana," Asilis said that the signing is the best evidence that the country has not done things the right way. He said the move is correct because otherwise the government would have serious financial problems given the decline in tax collections and in sourcing of funds from abroad. "The government needs to act prudently and not spend in a disorderly way. Instead it must create an emergency fund due to the possibility that the crisis could continue," he said.
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