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Thursday, 24 April 2014

IMF needs more well-endowed sugar daddies

Indebted sugar daddies

U.S. Senate plans to curb foreign bailouts miss the point. The fund always gets its money back. The problem is its overreliance on the U.S. and troubled Western Europe for funding. Leaning mostly on indebted nations hardly seems sustainable. The IMF needs more savers.



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