IMF lowers borrowing costs by 36% …C0NTINUE READING HERE >>>
The Executive Board of the International Monetary Fund (IMF) has approved to lower the IMF’s borrowing costs for members by 36 per cent, or about 1.2 billion dollars annually.
A statement, issued by the IMF Press Centre, said this was the outcome of the fund’s Board Review of Charges and the Surcharge Policy on Friday.
It said following the outcome of the meeting, Ms Kristalina Georgieva, Managing Director of the IMF, issued the following statement.
“In a challenging global environment and at a time of high interest rates, our membership has reached consensus on a…
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