Meeting Here, Misery Out There
Tuesday, September 19, 2006
THE International Monetary Fund (IMF) seems to be facing a gloomy future. At first glance, this appears to be the situation with this multilateral financial instutution, after several countries accelerated their debt repayment. The interest from loans to countries that have been hit by crises will shrink in line with this accelerated debt repayment.
This is the problem shadowing the IMF in its joint annual meeting with the World Bank in Singapore
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