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August 7, 2022

IMF denies Italy loan talks

The International Monetary Fund (IMF) has denied it is in talks with Italy about a new bailout loan, the BBC said. It follows reports in Italy’s La Stampa newspaper over the weekend that the IMF was preparing a EUR 600 bln loan. “There are no discussions with the Italian authorities on a programme for IMF financing,” said an IMF spokesperson. However, an IMF team is expected in Rome shortly to monitor the country’s new government’s progress in cutting the deficit.

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