Sanford, Jonathan E. - 2014
The World Bank is to forgive $12.24 billion in IDA debt payments from HIPC borrowers. It has received $1 billion from … the HIPC Trust Fund to help offset these losses, but still has a $11.6 billion unfunded liability. The IMF has gold worth … $38 billion on hand for which it has no actual use. This article proposes that a small portion of IMF gold be sold …
