Press Release No. 10/321
August 30, 2010
The International Monetary Fund (IMF) today expanded and enhanced its lending tools to help contain the occurrence of financial crises. As part of the efforts to enhance the institution’s crisis-prevention toolkit, the Fund’s Executive Board decided to increase the duration and credit available under the existing Flexible Credit Line (FCL) and to establish a new Precautionary Credit Line (PCL) for members with sound policies who nevertheless may not meet the FCL’s high qualification requirements.
