Publication

In 2002 we two proposed that some of the IMF's gold be used to help address the debt problem of some of the world’s poorest countries. The idea of using the IMF gold to provide help to those countries was not new. During the period 1976-1980 sales of IMF gold provided $3.3 billion to help finance highly concessional loans – well below the cost to recipients of conventional IMF loans – to low income countries.