Economics
IMF Mulls Fed-Like Program to Get Dollars to More Economies
- Georgieva pitches new short-term liquidity line for dollars
- IMF ready to use $1 trillion in lending capacity in pandemic
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The International Monetary Fund may launch a new program to help address the global shortage of dollars, providing a backup to the Federal Reserve’s campaign to keep greenbacks flowing around the world economy.
IMF Managing Director Kristalina Georgieva is preparing to offer short-term dollar loans to countries that lack enough Treasuries to participate in a Fed program that enables foreign central banks to temporarily exchange U.S. debt for dollars.