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Md. Nurun Newaz Salim, Chairman of NCC Bank Ltd, addressing an orientation training course for the newly recruited Management Trainee Officers (MTO) as Chief Guest on Wednesday.

13 Mar 2014, 12:00 am0

IMF cancels rule created in 2010 to bail out Greece

AFP, Washington :The International Monetary Fund abolished Wednesday a rule created in 2010 that allowed it to participate in an international bailout of Greece despite doubts about the country’s debt sustainability.“Today the executive board of the IMF approved an important reform to the Fund’s exceptional access lending framework, including the removal of the systemic exemption,” IMF spokesman Gerry Rice said in a brief statement. The “systemic exemption” amounted to a loophole in the IMF’s longstanding policy that required the crisis...

22 Jan 2016, 12:00 am