IMF To Lower Member Borrowing Costs By $1.2bn Annually

LAGOS – The International Monetary Fund (IMF) on Friday approved measures that will reduce its members’ borrowing costs by about $1.2 billion annually, the fund’s Managing Director Kristalina Georgieva said. “The approved measures will lower IMF borrowing costs for members by 36 percent, or about $1.2 billion annually,” Georgieva said in a statement. “The expected [...]

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