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Mon 02 Feb 2010IMF warned Nama would not lead to significant bank lending
THE INTERNATIONAL Monetary Fund (IMF) told Minister for Finance Brian Lenihan last April that the National Asset Management Agency (Nama) would not lead to a significant increase in lending by the banks.
The comments, which appear in internal Department of Finance documents released to The Irish Timesunder the Freedom of Information Act, were made by senior IMF official Steven Seelig who will join the board of Nama in May.
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