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IMF Chief ‘Cautiously Optimistic’ Fund Will Ease Penalty Fees [1]

['Kamil Kowalcze', 'Eric Martin', 'Kamil Kowalcze Eric Martin']

Date: 2024-10-08  

The head of the International Monetary Fund said she’s “cautiously optimistic” the institution’s board this week will revise its policy on so-called loan surcharges, the billions of dollars in extra fees some struggling nations must pay when borrowing from the fund.

The IMF should make the change because it’s the fund’s role to support countries in need, particularly as the world becomes more unstable and unpredictable, Managing Director Kristalina Georgieva said on the sidelines of a German central bank event in Berlin on Tuesday. She added that the move would also demonstrate that the fund is strong enough and well-equipped to manage without the extra revenue from the fees.

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[1] Url: https://www.bloomberg.com:443/news/articles/2024-10-08/imf-chief-cautiously-optimistic-fund-will-ease-penalty-fees

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