IMF launches precautionary credit line

WASHINGTON, Aug 30 (BestGrowthStock) – The International Monetary
Fund announced a new credit line on Monday designed to serve as
an insurance policy for pre-qualified countries that do not
immediately need an emergency loan.

The precautionary credit line is for countries that have
sound economic fundamentals and policies but may not qualify
for the more stringent flexible credit line, which was
introduced in 2009, the IMF said.
(Editing by Leslie Adler)

IMF launches precautionary credit line