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IMF to sell gold as it faces budget deficit

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The International Monetary Fund's executive board has approved a broad financial overhaul plan that could lead to the eventual sale of a little over 400 tons of its substantial gold supplies. The proposed sale, announced Monday, would be part of an effort to close a projected $400 million budget deficit over the next few years.

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): Budget Shortfall; Gold; International Monetary Fund - IMF, Add Tags

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