China agrees to buy 50-billion-dollar IMF bonds

(PEOPLE’S DAILY) — The International Monetary Fund(IMF) said on Wednesday that China has agreed to buy the first bonds issued by the agency for about 50 billion dollars.

IMF Managing Director Dominique Strauss-Kahn and Yi Gang, deputy governor of the People’s Bank of China, have signed the agreement, the IMF said.

via China agrees to buy 50-billion-dollar IMF bonds – People’s Daily Online.

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