Access Investments-European Union- ROMANIA

The International Monetary Fund describes public infrastructure spending as "one of the few remaining policy levers available to support growth"...All the advanced economies should take advantage of ultra-low borrowing costs to lift spending on key infrastructure projects and boost the global recovery, according to the International Monetary Fund.   The IMF said a debt-funded investment spree could "pay for itself" if projects were chosen wisely, as government spending would stimulate demand, create jobs, and support longer-term growth.  "In advanced economies an increase in infrastructure investment could provide a much-needed fillip to demand and it is one of the few remaining policy levers available to support growth, given already accommodative monetary policy," the IMF said in a chapter of its World Economic Outlook.  The Fund suggested the eurozone could benefit most from ramping up infrastructure spending because it said policies were most effective in low growth, high quality infrastructure economies that were currently running below their potential. Borrowing costs in some European countries have fallen to record lows amid a pledge by the European Central Bank (ECB) to keep interest rates low and policy loose for an "extended period". The IMF said borrowing at ultra-low rates to finance infrastructure spending would have a much bigger impact on growth than if policymakers raised taxes or cut spending in other areas to make the policy budget neutral. While public debt would increase, so would growth, keeping the debt-to-GDP ratio stable, the IMF said. However it warned against governments embarking on a blind spending spree, which would push up debt piles without stimulating growth. Spending on infrastructure would only have a positive impact if policymakers conducted "rigorous" cost-benefit analyses to ensure that public money was not being spent on wasteful projects that provided little return.  "Countries shouldn't spend on whatever they want. It's really critical that countries choose the right projects and invest efficiently," said Abdul Abiad, IMF deputy division chief...Even the IMF is acknowledging supply side economics doesn't work.  Stimulus put into the top of the system, banks, according to supply side economics, should have kick started the global economy.  But the bankers blew asset bubbles, the rich got richer and the global economy stalled.  There was no one to buy the "wealth creators" products and services.  The "wealth creators" are driven by demand and would not increase supply until demand rose. They just sat on their huge wads of cash waiting for demand to rise.  But those silly "wealth creators" hadn't realised that employees are also consumers and in holding down their wages, meant demand didn't rise.  So now back to true Keynesian economics where demand is the driver.  You build infrastructure that needs building anyway and create jobs, wages, spending and demand. Oh you silly "wealth creators" you are nothing without demand for your products and services...So the IMFs answer to the worlds economic problems is to get the spendaholic governments of the world to spend even more money, because apparently they haven't spent enough already.
The IMF is calling for more taxation on the people. When a government takes out a loan and spends the money, it will eventually have to be repaid via taxation, so the IMF is basically calling for more taxation. Thanks for that IMF, why don't you **** off.
If you can't see that the IMF is nothing more than an extension of the banking system, and big western governments, then you haven't got your eyes open.