Tuesday, April 28, 2009

I.M.F. Planning to Sell Bonds to Finance New Loans

Hoping to raise $500 billion for an emergency loan program, the IMF is about to sell bonds for the first time in its history, officials for the group said Saturday.The bonds’ buyers are expected to be the governments of fast-growing emerging economic powers like China, Russia, Brazil and India.They can't vote, but are expected to pay...

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