The global development lenders, the International Monetary Fund and World Bank, are calling for more transparency about loan amounts and terms, and cautioning governments against relying too much on debt.
IMF Chief Christine Lagarde said the high debt levels and number of lenders, who do not all conform to international norms, also complicate any future efforts to restructure a country’s debt. “We are constantly encouraging both borrowers and lenders to align as much as possible with the debt principles” set by international organizations such as the Paris Club and Group of 20.
Vampires are scared their bottom line is affected. gtitus_titus
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Amid trade tensions and Brexit worries, IMF cuts global growth outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.
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Zimbabwe reaches agreement with IMF on economic reform program - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a program of economic policies and structural reforms that could pave the way to the crisis-hit country re-engaging with international financial institutions. Just after announcing the compensation of white farms, IMF is in the picture🤔
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