OREANDA-NEWS. March 06, 2009. IMF included Moldova in list of countries with high vulnerability to the world financial crisis.

The report published on March 3 called 26 poor countries with the high vulnerability to the world financial crisis but which do not require urgent assistance.

Besides Moldova the list includes: Zambia; Vietnam; Angola; Ghana; Burundi; Ivory Coast; Haiti; Honduras; Liberia; Nigeria; Mongolia; Papua New Guinea; Sudan; Albania and Kyrgyzstan. IMF has also identified 22 poorest countries (mainly South African), which will require urgent additional support in the amount of 25 billion dollars to overcome the effects of the crisis.

According to IMF, poor countries were more vulnerable to the global crisis than expected, as they are much more integrated into the international economic processes than before. The crisis resulted in the decline of their trade, as well as significant decrease in foreign investments and remittances. IMF warns that the consequences of the global financial crisis now have come to the poorest countries of the world.

The IMF calls it the "third wave" of the economical decline, keeping in mind that the first wave hit the developed countries, then developing economies and now the crisis spread to other countries. Donor countries are recommended not to reduce financial support for the poorer regions. The authors of the document also warned that if international funding of humanitarian programs would continue to decline, the number of these countries may double.

Then, according to calculations cited in the report, the necessary amount of additional funding of the poorest countries would already reach 140 billion dollars.