IMF: toxic-debt bill to hit $4 trillion - report

The International Monetary Fund (IMF) is allegedly set to release new forecasts showing the cost of writedowns could reach $4 trillion, a leading British newspaper has reported.

The Times, the British newspaper, reported on Tuesday that the IMF was set to raise its estimate of American-originated writedowns of toxic debt to $3.1 trillion and of European and Asian losses to $900 billion later this month.

The Times reported that the figures would be published on 21 April.

A spokesperson for the

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