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IMF does not expect quick completion of credit crisis

The experts of the International monetary fund (IMF) consider that world financial markets are still weak, and the indicators of risks of the systems remain at high enough level even after a year from the beginning of credit crisis, Financial Times writes with reference to the report of fund.

IMF fears that slowing down growth of economy the USA can proceed as a result of incessant shocks at the financial market.

From other side, prices on houses went down already and in a few European economies, including Great Britain, that is the indicator of the further aggravating of problems at these markets.

IMF declared that while possibility of multiplying losses on credit-sides of class of subprime in the USA is "mostly acknowledged" market participants, financial institutions ran into serious problems already and on other types of loans. "On a background a further price-cutting on habitation and decelerations of the economy growing quality of crediting began to be worsened to on to many to the types of loans", - talked in a report.

Falling of cost of actions of banks complicated the process of bringing in of capital considerably, that negatively tells on financial indexes. In obedience to the estimations of specialists of IMF, writing of financial companies all over the world from the beginning of past August attained approximately $400 milliards A fund marked thus, that the volume of losses was "exceeded by the volume of the attracted capital".

Moreover, IMF confirmed that, by his estimations, total losses ot the present cycle of financial crisis can attain $940 milliards Both losses ot the overvalue of market value of companies and losses, related to writing on hopeless credit-sides are included in this sum.

IMF establishes with approval, that by interference from the side of Minfina and Federal backup system in activity of the finrynka USA it is while succeeded to restrain some risks of the systems.

However in a report also attention applies on to, that "essence of strategic decisions and volume of support became a point at a serious issue" in the last months, that can be interpreted as a polite form of assertion, that it follows authorities of the USA to render financial companies yet greater support, FT marks.

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