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GAAP.RUNewsIMF preparing new anti-crisis instruments

IMF preparing new anti-crisis instruments

Publication date: 31 August 2010

The International Monetary Fund (IMF) has prepared a new type of credits - Precautionary Credit Line, which is to help developing economies to deal with new financial crisis situations, if there are more to come.

In additional to its Flexible Credit Lines (FCL), the International Monetary Fund (IMF) launches Precautionary Credit Lines (PCL) - Dominique Strauss-Kahn says that this decision will improve global financial system in times of a financial crisis.