Brics funding to low-income countries is risk-weighted: IMF paper

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An International Monetary Fund paper published on Friday finds the terms and size of loans issued by Bric nations [Brazil, Russia, India and China] to low-income countries increases as the level of risks associated with lending falls.

Nkunde Mwase, the paper's author, uses a panel vector auto-regression model to investigate the determinants of financing flows and loan commitments from Bric countries to low-income countries and the degree of concessionality. Concessionality refers to the extent

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