IMF backs higher returns to entice Treasury bond investors after snub

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International Monetary Fund managing director Kristalina Georgieva. FILE PHOTO | AFP

The International Monetary Fund (IMF) says the government can unlock the current domestic funding challenges by offering a higher return to bond investors.

The multi-lateral lender, which has further doubled down on its support for a weaker local exchange rate argues that greater returns will lure in more investors to take up government securities, reversing the current apathy for the papers.

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