The International Monetary Fund says its executive board has agreed to temporarily increase the limits on member countries’ annual and cumulative access to IMF loan resources to help them cope with a particularly challenging and uncertain environment. In an announcement late on Monday, the Fund said its cumulative lending limits were increased to 600% of a country’s quota, or shareholding in the fund, from a previous limit of 435%. The 12-month borrowing limit was raised to 200% of quota from 145%.
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