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World Monetary Fund is preoccupied with the possibility of the birds flu pandemic and its consequences for the world economy

01.01.70

WMF is preoccupied with the possibility of the birds flu pandemic. It was mentioned in the published WMF report on the possible consequences for the world economy and finance system in the case of the birds flu spreading, INTAR TASS reports.
Fund experts stress the high uncertainty level when forecasting risks, connected with the dangerous for human beings virus H5H1, as no cases of person to person virus trnasmission have been registered.
The reports says the pandemic will influence financial institutions and organizations just by the absence of the personnel due to the disease. It may cause breaks in transportation, trade, payment system, municipal economy, some vulnerable organizations can come to bankruptcy, the paper reports. The WMF experts do not exclude the possibility of the high interest in cash and the investment decrease.
It becomes the main task of the world organizations, including WMF, to help to prepare to the birds flu pandemic.
Answering the ITAR TASS questions, the WMF representative pointed it out that the Finance ministers from the G8 countries have already mentioned the risk of the pandemic in the paper that was adopted in Moscow, as well as its possible economic and financial consequences. No doubt, we will continue giving information on our efforts at all of the World Forums, the WMF representative concluded.

Expert opinion

Halter Marek

02.12.06

Halter Marek
Le College de France
Olivier Giscard dEstaing

02.12.06

Olivier Giscard dEstaing
COPAM, France
Mika Ohbayashi

02.12.06

Mika Ohbayashi
Institute for Sustainable Energy Poliy
Bill Pace

02.12.06

Bill Pace
World Federalist Movement - Institute for Global Policy
Peter I. Hajnal

01.12.06

Peter I. Hajnal
Toronto University, G8 Research Group