IMF SAFETY NET
May 1st, 2004
BY KEITH NUTHALL
THE INTERNATIONAL Monetary Fund has approved a new Trade Integration Mechanism (TIM) financial facility easing balance of payments shortfalls resulting from multilateral trade liberalisation, especially the end of textile trade quotas this December. Some developing countries fear this World Trade Organisation measure will cause damage via "greater competition".
THE INTERNATIONAL Monetary Fund has approved a new Trade Integration Mechanism (TIM) financial facility easing balance of payments shortfalls resulting from multilateral trade liberalisation, especially the end of textile trade quotas this December. Some developing countries fear this World Trade Organisation measure will cause damage via "greater competition".
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