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Central bank reluctantly okays loan to IMF

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The board of the Czech National Bank (ČNB) on Thursday agreed to the government’s request to extend a EUR 1.5 billion (CZK 38 billion) loan to the International Monetary Fund (IMF) on condition that the government provides guarantees against potential losses. At the same time the board stated that it does not recommend that the government provide the loan to the Fund.

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