Tuesday, October 20, 2020

archiverelief

Business

Campaigners urge IMF to sell gold to provide debt relief | Business

Debt campaigners are calling for the International Monetary Fund to sell some of its stockpile of gold to cover the debt payments owed by the world’s poorest countries for the next 15 months. With a looming developing world debt crisis high on the agenda at this week’s annual meetings of the IMF, the Jubilee Debt Campaign (JDC) said gold sales would help the most vulnerable countries cope with the Covid-19 shock and pave the way for a broader debt deal. The IMF holds 90.5m ounces of gold, or 2,814 metric...
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