Useless statist gimmicks: The International Monetary Fund will sell bonds as a way to raise funds

WASHINGTON (AP) -- The International Monetary Fund will sell bonds as a way to raise funds to lend to struggling nations, the head of the organization said Saturday, in a victory for developing countries.

Emerging economies such as China, Brazil and India pushed for the move as an alternative to providing longer-term loans to the IMF. Those countries want a greater voice in the institution before providing additional resources.

IMF Managing Director Dominique Strauss-Kahn said China and other countries have expressed interest in purchasing the bonds. The IMF has never issued bonds before, although the idea was explored in the 1980s.

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Useless statist gimmicks: The International Monetary Fund will sell bonds as a way to raise funds

Useless statist gimmicks: The International Monetary Fund will sell bonds as a way to raise funds

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