Bundesbank's Weber on sixty years of Bretton Woods

In a speech on 'Sixty years of Bretton Woods: back to the future?' given on 23 July, Axel Weber of the Bundesbank said over the years the IMF has repeatedly expanded its policy of lending to debtors that are in arrears to the private sector (LIA policy). The Bundesbank advocates the establishment and application of transparent and operational LIA criteria and recommends that the regular access limits be respected.

"Considerations to install a new precautionary lending facility after the

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