IMF To Finance Ministry: Rebuild Your Forex Reserve For Emergency Situations

08.16.2012 By Claudia Medrega

The International Monetary Fund (IMF) warns the Finance Ministry that its “fiscal buffer” has diminished, after the Treasury had attracted less than it had planned to in recent auctions because of higher yields on government bonds and T-bills. So the IMF recommends fiscal buffers able to cover four months’ financing needs.

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Keywords:
FINANCE MINISTRY
, IMF
, FOREX
, RESERVES