China Likely to Acquire IMF Bonds

    China is mulling over purchasing up to $50 billion in bonds from the International Monetary Fund, the country's State Administration of Foreign Exchange said in a statement. "If the terms of the bond issue meet China's requirements in investing its foreign currency reserves in terms of security and a reasonable return, we are willing to actively consider investing up to $50 billion," the agency was quoted by

    as saying. IMF needs more cash to provide loans for member nations adversely affected by the economic crisis.

    About the author

    • Dsc05567

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.