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IMF approves use of reserve assets for ‘hybrid’ financial instruments

By Inquirer - 6 months ago
WASHINGTON, United States — The IMF said Wednesday that its board had voted to allow member states’ IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further. The International Monetary Fund said in a statement that the move would allow member states

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