IMF's gold-for-debt plan irks industry

June 8, 2005

This article cites CGD’s research on IMF gold. "Research by two Washington-based think tanks, the Center for Global Development and the Institute for International Economics, also shows that by selling just 15% of its gold reserves, the IMF could raise as much as US $7 billion. This would be enough to write off 100% of the IMF's outstanding claims against poor countries that have qualified for debt relief."