The IMF is bringing down its borrowing costs for member countries with 36%, or $1.2 billion annually, starting in November. As a result of the new policy, the expected number of countries subject to surcharges (extra charges for countries with high or prolonged loans) will fall from 20 to 13 in 2026. This is a huge win for indebted countries confronted with increasing debt burdens in an era of high interest rates.
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