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EMERGING MARKETS: IMF Considering Options To Lower Surcharges On Loan Programmes

EMERGING MARKETS
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • The IMF is said to be considering three options to reduce the surcharges it imposes on nations that use more than their allotted share of IMF resources or delay repayments under their loan programmes, according to Bloomberg.
  • The first option would be to raise the threshold for which surcharges are imposed on borrowers. The second would cut the size of surcharges and the third would lower the rate the fund charges on lending, people familiar with the matter said. No final decisions have been made, but the IMF executive board is looking to agree the changes by the October meetings.
  • The move would benefit Argentina especially, as it owes $4.6bn in surcharges over the next five years.
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  • The IMF is said to be considering three options to reduce the surcharges it imposes on nations that use more than their allotted share of IMF resources or delay repayments under their loan programmes, according to Bloomberg.
  • The first option would be to raise the threshold for which surcharges are imposed on borrowers. The second would cut the size of surcharges and the third would lower the rate the fund charges on lending, people familiar with the matter said. No final decisions have been made, but the IMF executive board is looking to agree the changes by the October meetings.
  • The move would benefit Argentina especially, as it owes $4.6bn in surcharges over the next five years.