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The last two governments have accumulated more than $200 billion in foreign reserves and billions more in stabilization funds.
In the former French territories in Africa, stabilization funds fixed producer prices and controlled margins and profits.
That left the so-called stabilization funds, which are more flexible and are controlled by the governor, though 82percentt must be used for education.
During her trip to her district in March, she toured a once-blighted Los Angeles neighborhood that had received stabilization funds.
To varying degrees, Latin American countries have said they will tap reserves and stabilization funds to try to ensure that the higher cost of borrowing does not affect exporters.
The conference's survey, based solely on an examination of the states' stimulus applications, found that 20 states said when applying that they intended to spend 100 percent of their stabilization funds in the 2008-9 and 2009-10 school years.
Similar(45)
A countercyclical national stabilization fund would increase euroland's stability without forcing the member governments to relinquish further national sovereignty.
Strong revenues from hydrocarbon exports have brought Algeria relative macroeconomic stability, with foreign currency reserves approaching $200 billion and a large budget stabilization fund available for tapping.
For this reason, South America could use a stabilization fund that countries could draw on in order guarantee financial stability.
Poland got a stabilization fund for its currency.
Along with many others, Mr. Vavilov has also advocated privatizing the stabilization fund.
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