IMF's lending reforms aim for flexible credit terms

03/25/2009 | BBC

Dominique Strauss-Kahn, managing director of the International Monetary Fund, announced sweeping reforms to the IMF's lending procedures. The changes, which include providing more-flexible credit terms for nations with solid economic policies, will help countries better withstand financial crises, the IMF said. "These reforms represent a significant change in the way the fund can help its member countries -- which is especially needed at this time of global crisis," Strauss-Kahn said.

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