IMF's handling of large loans to troubled nations under scrutiny

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IMF's handling of large loans to troubled nations under scrutiny - Business Standard

Quick Summary:

The Washington-based fund’s executive board is scheduled to discuss the findings on Thursday.

The fund has carried out a comprehensive review of the policy only once before, in 2004, though it has been modified three times after that.

The category now allows a country to receive financing for more than 200% of its allowance in a single year, and sets a cumulative access limit at 600% of its quota.