IMF relaxes lending conditions for quick fixes

The International Monetary Fund (IMF) has offered to provide no-strings-attached loans in days to select countries facing liquidity problems.

Dominique Strauss-Kahn, the managing director of the IMF, said the loans addressed a gap in the Fund's toolkit for financial support.

"The turmoil has led to significant liquidity difficulties for some emerging-market countries, even those that have maintained sound macroeconomic frameworks and have sustained histories of market access," Strauss-Kahn sai

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