IMF: Brother, Can You Spare a Billion?

SUBSCRIBE NOW
Free Newsletter

For the IMF, the global economic downturn could not have come soon enough. Two years ago, the Fund’s lending portfolio was a scanty $13 billion, down from $100 billion in 2003. As Argentina, Brazil, Uruguay, Indonesia, and the Philippines each paid off their loans early, the institution’s revenue stream slowed to a trickle. Since the institution’s operating costs are financed by fees and interest charged on its loans, its shrinking portfolio resulted in annual losses between $200 and $300 million. Forced to find alternative sources of income and reduce costs, the fund initiated plans to sell off some of its […]

TO READ MORE

Enter your email to get instant access to this article and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.

And all of this is available to you — right now for just $1 for the first 3 months.

More World Politics Review