IMF to lower member borrowing costs by $1.2 billion annually

Quick Summary:

:The International Monetary Fund on Friday approved measures that will reduce its members' borrowing costs by about $1.2 billion annually, the fund's Managing Director Kristalina Georgieva said".

The approved measures will lower IMF borrowing costs for members by 36 per cent, or about $1.

IMF to lower member borrowing costs by $1.

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Article Details

Category: EconomyBusiness

Markets: SingaporeArgentinaEgyptPakistanUkraine

Topics: Billion Members Costs Georgieva Borrowing Surcharges Member Charges Countries Fund Lower

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 04:23:52 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23001559

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 29 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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