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Fri 06 Jun 2009IMF to recommend flexibility in Nama for further soured loans
THE INTERNATIONAL Monetary Fund will recommend that the Government retain flexibility on the State’s “bad bank” plan to include other types of soured loans such as residential mortgages, should unemployment and bad loans continue to rise.
The IMF, which is the global financial watchdog, will suggest in its imminent annual report on the Irish economy that the Government not restrict the scope of the National Asset Management Agency (Nama) to buy just bad development and associated loans.
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