IMF may need more resources if crisis grows-Lipsky

Tue Oct 28, 2008 5:07pm GMT
 
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WASHINGTON (Reuters) - The International Monetary Fund has record levels of liquidity to bail out countries but if the financial crisis continues much longer it may need more resources, a senior IMF official said on Tuesday.

"It is worth thinking that if the problems continue to grow that we might think about whether we would need additional resources and we will be discussing with our members that possibility," IMF First Deputy Managing Director John Lipksy told CNBC cable news network. "For now we have record liquidity."

(Reporting by Lesley Wroughton; Editing by James Dalgleish)

 
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