INTEREST RATES
LM.F. Cut Wanted (N.Z.P.A.-Reuter —Copyright) WASHINGTON, Sept. 28. Thirty - four African nations last night called on the International Monetary Fund to reduce its interest rates and use part of its reserves for economic aid to developing countries. The Finance Ministers and other delegates of the African bloc presented their requests to the fund's managingdirector, Mr Pierre-Paul Schweitzer. Mr Schweitzer made no immediate comment on the two points, saying that he would prefer to study them further. The fund at present employs a sliding scale of interest rates depending on the amount and number of years for which member countries make drawings.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19660930.2.152
Bibliographic details
Press, Volume CVI, Issue 31178, 30 September 1966, Page 14
Word Count
103INTEREST RATES Press, Volume CVI, Issue 31178, 30 September 1966, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in