The International Monetary Fund (IMF) Friday approved the immediate disbursal of $1 billion out of a total $7 billion Extended Fund Facility (EFF) to Pakistan. It also approved Pakistan’s request for ...
Think of it as a credit union for countries that funds itself through the interest it charges borrowers minus the interest it pays creditors The IMF may be best known for providing loans to crisis-hit ...
So asks Andy Mukherjee of Bloomberg. He wonders if IMF efforts to get China to allow its exchange rate to appreciate significantly would have exactly as much impact over Chinese policy as IMF efforts ...