IMF Gets High Marks For Crisis Support

    The International Monetary Fund claims in an internal report that the financial institution helped cushion the worst of the global financial crisis in 15 emerging market countries, Agence France Press reports. The study further stated that the institution recently improved its lending and support capacity through policy flexibility, increased resources, and focused financial conditionality.

    "What this study tells us is that, with IMF support, many of the severe disruptions characteristic of past crises have so far been either avoided or sharply reduced," IMF Managing Director Dominique Strauss-Kahn said.

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.