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July 26, 2010 | Beef Up the Budget of the I.M.F.

The International Monetary Fund needs to increase its available resources and adjust its policies to new economic realities. ++ Flexible and precautionary credit lines that guarantee some measure of protection against the aftershocks of a global financial crisis are a step in the right direction. ++ The Fund’s credibility would be enhanced in the developing world if it would abandon its

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