IMF develops flexible approach to funding to meet drawdowns, annual report says

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The International Monetary Fund (IMF) has become more flexible in meeting its funding needs during the year as "heavy" demand for funds continued, according to the annual report for the financial year 2012, published today (October 4).

Introducing the report, IMF managing director Christine Lagarde said the multi-lateral body had introduced new instruments for funding. "Recognising that prevention is better than cure, the executive board agreed to reforms to the Fund's lending toolkit that are

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