Peres urges IMF director to help ME out of poverty

The IMF can play a cardinal role in helping Middle East communities, the president says in Davos.

By
January 28, 2012 23:39
1 minute read.
Shimon Peres speaks in Davos

President Shimon Peres speaks in Davos. (photo credit: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Since the beginnings of the Arab Spring, President Shimon Peres has attributed the uprisings of populations in various Middle Eastern countries to two main factors: a desire for freedom and democracy and a quest to escape poverty.

Peres believes that the International Monetary Fund can play a cardinal role in helping several Middle East communities out of the cycle of poverty, and said so in Davos on Friday, when he and Bank of Israel Gov. Stanley Fischer met with IMF Director Christine Lagarde.

Be the first to know - Join our Facebook page.


All three were among the 2,000 plus dignitaries attending the annual meeting of the World Economic Forum. The Arab Spring, Peres emphasized, was not just a call for political change, but more than anything else an attempt to escape the terrible poverty in which millions of people in the region are trapped.

The international community can be a leading proponent in the economic development of these countries, and in this way can help the moderates to triumph over the extremists, he said.

Lagarde, taking into account the global economic crisis, responded that to stimulate economic growth, it was essential for all countries of the international community to cooperate fully.

The other topic that Peres addressed both in open forums and in numerous private meetings with heads of state, prime ministers and other people of influence was the Iranian problem, not just in terms of Iran becoming a nuclear power, but also with relation to it funding terrorist organizations in various parts of the world. Peres specifically referred to Hezbollah and Hamas, and warned that terrorism knows no borders and can strike anywhere.

Related Content

Prime Minister Benjamin Netanyahu
August 31, 2014
Prime minister to Channel 1: I’ll be running again in next election

By Gil Stern Stern HOFFMAN