Cuts Borrowing Costs

IMF Cuts Borrowing Costs For Indebted Nations Amidst Rising Criticism

The International Monetary Fund (IMF) has decided to lower borrowing costs for some of the world's most heavily indebted countries, responding to mounting criticism over what many view as excessively punitive fees during a period of elevated interest rates. The IMF's executive board announced a reduction in surcharges—additional fees applied...