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Sat 12 Dec 2009Nama definition of 'long-term value' masterful, says IMF
THE INTERNATIONAL Monetary Fund (IMF) told the Government that the definition of “long-term economic value” on bank loans in the draft Nama Bill was “masterful” as it was “sufficiently specific” and “sufficiently vague” to allow “appropriate flexibility”.
Steven Seelig, an adviser at the IMF, made the comments in an e-mailed response to a request by the Department of Finance for his opinion on the draft National Asset Management Agency Bill published last August.
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