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IMF Plans Huge Credit Line for Poor Nations

Wave of defaults in developing world could imperil global economy

By Jason Farago, Newser Staff

Posted Oct 24, 2008 6:11 AM CDT

(Newser) – While the financial crisis is leading the West into recession, other parts of the world from Hungary to Argentina face an even worse fate: default, market panic, and possibly social upheaval. Now the IMF is working to build a giant line of credit, funded... Read full story »

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IMF Plans Huge Credit Line for Poor Nations

Wave of defaults in developing world could imperil global economy

globalization • International Monetary Fund • Argentina • IMF • Hungary • default • market turmoil • financial crisis

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IMF Bails Out Hungary, Ukraine

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