IMF chief ‘cautiously optimistic’ Fund will ease penalty fees

Quick Summary:

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 surcharges apply to nations that borrow more than their allotted share or take longer to repay loans.

Options that have been discussed include cutting the size of the fee or raising the threshold before they kick in.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Kamil Kowalcze & Eric Martin

Category: BusinessStartups

Markets: PhilippinesArgentinaEgyptUkraine

Topics: Fund Fund’s Board Nations According Need Fees Surcharges Extra Policy Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 11:19:34 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 318 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22968038

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 86 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions