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IMF Says Its 'Negative Image' Steers Countries Away from Borrowing

Many countries are hesitant to rely on the IMF's new lending instruments because of a perceived “stigma” attached to taking money from the global financial institution, the International Monetary Fund said on Wednesday. The IMF has launched a series of new lending programs in recent years that it hoped would appeal to countries with generally good economic policies, but that still needed some protection from market contagion. The Fund's traditional lending programs are meant for...

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