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As
contingency, IMF aims to double its lendable resources
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In precautionary move, IMF aims to double resources
to $500 billion
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MF has adequate funding to deal with curreant stage
of economic crisis
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Plans aim to boost confidence that IMF can meet further
demands
The
IMF aims to double the amount of money it has available
to lend to governments to $500 billion to strengthen
international confidence that it can meet any new challenges
during the current global downturn, in case more countries
are forced to turn to the 185-member institution to
borrow, the deputy head of the IMF said.
“Right now the IMF has adequate resources to respond
to the demands that we see in front of us immediately,”
IMF First Deputy Managing Director John Lipsky said
during a panel discussion at the World Economic Forum
in Davos last week.
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