IMF's gold to help relieve Third World debt?

Gold prices struggled to hold key support in Europe on Monday 7 February following confusion over what the IMF might do with its huge gold reserves to help relieve Third World debt.

The British-led proposal, discussed at the Group of Seven rich nations meeting at the weekend, to revalue or sell some of the IMF's huge gold reserves to fund debt relief for the world's poorest countries caused the uncertainty.

A communique from the G7 meeting said the IMF had been asked to look at ways of using part

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.