Imf To Lower Member Borrowing Costs By 1.2bn Annually

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imf to lower member borrowing costs by 12bn annually
LAGOS The International Monetary Fund IMF on Friday approved measures that will reduce its members' borrowing costs by about 1.2 billion annually, the fund's Managing Director Kristalina Georgieva said. "The approved measures will lower IMF borrowing costs for members by 36 percent, or about 1.2 billion annually," Georgieva said in a statement. "The expected