IMF to Consider Options to Lower Penalties on Big Borrowers
- Some board members have called for review of surcharges policy
- Argentina, Ecuador, Egypt, Ukraine among top payers of fees
The International Monetary Fund (IMF) headquarters in Washington.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
The International Monetary Fund is set to discuss a review of the fees it charges its biggest borrowers after some nations raised concerns that costs are becoming unreasonable due to higher interest rates.
The IMF board, made up of a management official and 24 members representing the Washington-based crisis lender’s 190 countries, is set on Monday to weigh options to give nations a break on surcharges, according to people familiar with the plans, who asked not to be identified without permission to speak publicly. The fees apply to nations that borrow more than their allotted share or take longer to repay loans under IMF programs.