IMF staff calls for ‘comprehensive strategy’ on non-performing loans

The IMF headquarters

International Monetary Fund staff have renewed their call for European states to tackle non-performing loans (NPLs). Calling for a "comprehensive strategy" to deal with NPLs, they highlighted that Europe needs a private market for distressed bank debt.

In a discussion note, published on September 24, the staff note "reducing the level of impaired assets is essential" for reviving the European banking sector. Despite this, they say, many European countries still have considerable obstacles to dea

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