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IMF governors approve 50% increase in lending resources with no shareholding changes

IMF governors approve 50% increase in lending resources with no shareholding changes

The International Monetary Fund s governing body has approved a 50% increase in quota resources to be contributed by member countries in proportion to their current IMF shareholding, bringing. -December 18, 2023 at 04:00 pm EST - MarketScreener

IMF governors approve 50% increase in lending resources with no shareholding changes

IMF board approves move to boost lending resources - World

WASHINGTON: The International Monetary Fund said on Tuesday its executive board approved a proposal for a 50 percent.

IMF board approves plan to enhance lending resources without shareholding changes

WASHINGTON (Reuters) -The International Monetary Fund said on Tuesday its executive board approved a proposal for a 50% increase in quota resources to be contributed by member countries in proportion to their current IMF shareholdings. The proposal would largely follow a U.S.-backed plan that would enhance IMF lending resources but delay any IMF shareholding increases for China, India, Brazil and other fast-growing emerging market economies. The IMF said the 50% increase in quota funding equivalent to about $314 billion at current exchange rates would not increase its overall lending firepower of about $1 trillion, but would shift the composition to more permanent resources.