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IMF aims to increase lending ability

New York Times

  January 19, 2012

The International Monetary Fund announced yesterday that it was seeking up to $500 billion in additional lending resources as it prepared to slash its forecasts of global growth. The institution, based in Washington, said that it estimated the world would need about $1 trillion in financing in the coming years for loans to countries with short-term difficulties paying their bills or because of concerns about prospective trouble in the volatile bond markets.

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