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IMF review calls for 'fewer but deeper' reforms in design of loan programs
WASHINGTON: The International Monetary Fund on Thursday called for targeted refinements to the design and implementation of its loan programs, including a focus on fewer but deeper reforms, to reflect the challenges of a more shock-prone global economy. Civil society groups have worried that the review could leave developing countries facing stiffer austerity measures at a time when they are saddled with rising public debt, soaring borrowing costs, sharp drops in official development assistance and successive systemic shocks. The IMF said the recommendations do encourage more front-loaded and ...
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