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Tuesday, January 18, 2011

Why government borrows from IMF and the World Bank recently?

As the recent news comes, the government is close to two separate negotiations with the International Monetary Fund (IMF) and the World Bank to borrow US$2.0 billion (US$1.0 billion from IMF as the Balance of Payments support and US$1.0 billion from the World Bank as budgetary support).

Here is the news on why? 
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