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Published 10 days ago

IMF surcharges on borrowings exacerbate global inequities: report

Summary by Arab News

BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the International Monetary Fund, widening global inequities, according to a report by US think tanks. WHY IT’S IMPORTANT Indebted member countries paid about $6.4 billion in surcharges between 2020-2023, the report from Boston University’s Global Development Policy Center and Columbia University’s Initia…

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IMF surcharges on borrowings exacerbate global inequities: report

BENGALURU: Countries, mostly middle and lower-income, have been burdened by surcharges on top of interest payments on their borrowings from the International Monetary Fund, widening global inequities, according to a report by US think tanks. WHY IT’S IMPORTANT Indebted member countries paid about $6.4 billion in surcharges between 2020-2023, the report from Boston University’s Global Development Policy Center and Columbia University’s Initia…

10 days ago·Riyadh, Saudi Arabia

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