Wed, 23 Nov 2011 09:05:59 GMT
IMF extends lending power
IMF accepted several changes to broaden its
lending power to counter European debt turmoil. The main goal of
proposed reforms is to support troubled countries with cash in hard times and especially to relatively healthy countries with short-term credit crunch or so
called crisis-bystanders. According to Christine Lagarde, head of IMF, organization's
credit line could be used for insurance or short-term loans to protect