IMF raises borrowing limits amid ‘challenging’ environment

The Worldwide Financial Fund is briefly elevating the boundaries on borrowing from its principal lending facility, as international locations face slowing progress and excessive debt vulnerabilities.

On March 6, the IMF govt board accredited a rise within the most annual borrowing from the overall sources account (GRA) to 200% of a rustic’s IMF quota. The board additionally raised the cumulative borrowing restrict to 600%.

Beforehand, the annual restrict on GRA borrowing had been 145% and the cumulative restrict 435% of

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