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Namibia calls for immediate suspension of the IMF surcharges

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Namibia has added its voice to the countries calling for the immediate suspension of the International Monetary Fund's (IMF) surcharges for developing countries during the 8th Ministerial meeting of the Like-Minded Group of Middle Income Countries at the UN General Assembly on Friday.

Surcharges are additional interest payments the IMF imposes on heavily indebted borrowing countries.