IMF Said to Be Discussing Activation of Crisis Lending Pool
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The International Monetary Fund is working on activating its crisis lending pool, a move aimed at showing it has enough liquidity to help bail out countries in need and stabilize the global economy, two IMF officials said.
Countries that contribute to the pool, with new members including China and India, are seeking an agreement on how much of the credit line’s $583 billion should be made available and for how long, according to one official, who spoke on condition of anonymity because the talks are not public.