Debt Experts Urge IMF Gold Sale
U.S. Newswire, April, 2005
WASHINGTON, April 14 /U.S. Newswire/ -- Two leading developing country debt experts are calling upon the U.S. and other rich countries to support the sale of IMF gold to raise funds for developing country debt relief.
Nancy Birdsall, the president of the Center for Global Development (CGD), and John Williamson, a senior fellow at the Institute for International Economics (IIE), released a paper today that says the IMF could raise about $7 billion by selling around 16 million ounces - - approximately 15 percent -- of its current gold.
"Selling IMF gold constitutes a transformation of a sterile stockpile into a productive resource," the authors write in a CGD note released today. "The gold is not only, or even primarily, a "Fund" asset but a global resource --...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
