Sunday, February 8, 2009

IMF Raising Resources

IMF wants to double its lending ability from $250 billion to $500 billion. To achieve that, IMF is finalzing a $100 billion loan from Japan and is planning to issue bonds.

The Japanese loan would be structured in a way similar to two IMF programmes called the General Arrangements to Borrow and the New Arrangments to Borrow, which provide $50 billion in additional funding if the IMF runs through its $200 billion core financing.

Mint, 31 January 2009

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