IMF to enhance borrowing terms for the poor: Lipsk
The International Monetary Fund (IMF) is redesigning its lending policies for low-income countries, said John Lipsky, the first deputy managing director of the fund.
Lipsky said that the IMF wanted to strengthen its capacity to provide concessional short-term and emergency financing and that it wanted to at least double its concessional lending capacity. He said that low-income countries were especially vulnerable and could ill afford a significant slowdown in economic growth.
He made the comments on 31 March.
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