Total pledges by IMF members under 2016 bilateral borrowing agreements reach $400bn

    SINCE the Annual Meetings in October 2016, further progress has been made in securing commitments to provide bilateral borrowed resources under the IMF’s 2016 borrowing framework. The IMF has received additional commitments of about SDR 40 billion from nine members, bringing total commitments to about SDR 300 billion (US$400 billion) from 35 members. ...