IMF cuts global debt writedown estimate to $3.4 trillion (Reuters)

Posted on September 30, 2009
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An arrow points down on the stock quotation board at the Australian Securities Exchange (ASX) in central Sydney October 28, 2008. REUTERS/Daniel MunozReuters – The International Monetary Fund on Wednesday lowered its estimate for global writedowns for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses were set to rise as unemployment and associated delinquencies increase.

Source:IMF cuts global debt writedown estimate to $3.4 trillion
(Reuters)

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