IMF board approves lending reforms to better support low-income countries

Friday, July 23, 2021
IMF board approves lending reforms to better support low-income countries © Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

By Andrea Shalal

WASHINGTON (Reuters) - The International Monetary Fund on Thursday said it would revamp its concessional lending programs to better support low-income countries during the COVID-19 pandemic and recovery, and raised the prospect of limited sales of IMF gold to boost its lending capability.

The IMF said its executive board last week backed reforms that include raising the access limits for concessional financing for low-income countries by 45%; eliminating access limits for the poorest countries with eligible programs; and maintaing zero-percent interest rates on such loans.

The changes are needed given an eightfold increase in IMF lending to low-income countries to $13.2 billion in 2020, and signs that demand for concessional financing will remain high for several years, the IMF said.

“The two-stage funding strategy that was approved by the IMF Board will secure the resources that we need to really get through this pandemic and its immediate aftermath," said Christian Mumssen, deputy director of the IMF's Financial Department, told reporters.

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27-07-2021 18:25:14 (UTC+7)

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 EUR/USD1.1792↑ Buy
 GBP/USD1.3788↑ Sell
 USD/JPY110.11Sell
 AUD/USD0.7358↑ Buy
 USD/CAD1.2579↑ Buy
 EUR/JPY129.87Neutral
 EUR/CHF1.0810Neutral
 Gold1,796.50↑ Buy
 Silver25.165Neutral
 Copper4.5380Sell
 Crude Oil WTI72.02Neutral
 Brent Oil73.92Buy
 Natural Gas4.046↑ Sell
 US Coffee C206.70Buy
 Euro Stoxx 504,089.49Neutral
 S&P 5004,422.30↑ Buy
 DAX15,567.85Neutral
 FTSE 1006,998.95Sell
 Hang Seng25,060.87↑ Buy
 Small Cap 20002,216.03↑ Buy
 IBEX 358,712.00Neutral
 BASF67.210↑ Buy
 Bayer50.69↑ Buy
 Allianz210.03Neutral
 Adidas312.30↑ Buy
 Lufthansa9.989↑ Buy
 Siemens AG133.10↑ Buy
 Deutsche Bank AG10.557↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,715
(-5/ -5) # 712
SJC HCM5,660/ 5,730
(-20/ -15) # 728
SJC Hanoi5,660/ 5,732
(-20/ -15) # 730
SJC Danang5,660/ 5,732
(-20/ -15) # 730
SJC Nhatrang5,660/ 5,732
(-20/ -15) # 730
SJC Cantho5,660/ 5,732
(-20/ -15) # 730
Cập nhật 27-07-2021 18:25:16
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Sản phẩmVùng 1Vùng 2
RON 95-IV2178022210
RON 95-II,III2168022110
E5 RON 92-II2049020890
DO 0.05S1637016690
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Dầu hỏa1539015690
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GBP31.000,6032.295,52
JPY203,52214,19
KRW17,3221,08
Cập nhật lúc 18:24:54 27/07/2021
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