IMF dilutes its role in int'l bankruptcy plan

US - The International Monetary Fund on Monday amended its proposal for developing a system to allow troubled countries to file for bankruptcy protection to give it a smaller role than creditors.

Last November the Washington-based lender made a groundbreaking proposal that if adopted would allow troubled countries like Argentina to restructure their debts in an orderly way without having to resort to a messy debt default.

But while the idea gathered wide support conceptually, there were many

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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.

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