Georgieva said in a statement on Friday: “The measures adopted will reduce borrowing costs International Monetary Fund For member states, it is 36 percent, or the equivalent of about $1.2 billion annually.”
She added: “The number of countries subject to additional duties is expected to decrease in fiscal year 2026 from 20 to 13.”
This year, the Fund decided to review its policy on fees and additional costs for the first time since 2016, after high global interest rates led to higher borrowing costs.
The Fund charges regular interest, in addition to additional fees on loans that exceed a certain limit or period, and commitment fees on precautionary arrangements.
She said Georgieva“Although they have been reduced significantly, additional fees and costs remain an essential part of the IMF’s cooperative lending and risk management framework, where all members contribute and everyone can benefit from support when needed.”
The changes will take effect on November 1.
According to research conducted by the Center for Global Development Policy at Boston University, the five countries that pay the highest surcharges are Ukraine and…Egypt Argentina, Ecuador and Pakistan.
Argentine Finance Minister Pablo Cuerno said that his country, which is currently the largest debtor to the International Monetary Fund, will save more than three billion dollars thanks to these changes.
But Friday’s announcement fell short of calls from academics, non-profit organizations and other economists who called for the additional fees imposed by it to be scrapped. International Monetary Fund In full, which they say imposes additional burdens on borrowing countries at a time when they are experiencing deteriorating economic conditions and hinders the impact of IMF lending.
