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    IMF estimates total loss of U.S. credit as $1.4 trl

    AP
    07.10.2008 - 16:23 | Son Güncelleme: 07.10.2008 - 16:23

    The International Monetary Fund is calling for a "collective commitment" by finance officials around the world to combat the ongoing credit crisis.

    The IMF on Tuesday in a semiannual report also raised its estimate of the total losses that will be caused by the U.S. credit crisis to $1.4 trillion, up from an estimate of $1 trillion in April.

     

    The IMF's report says restoration of financial stability would "benefit from a publicly-stated collective commitment by the authorities of the affected countries to address the issue in a consistent and coherent manner."

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