- 12-24 month loans can be had with 10 times the IMF quota
- Designed for countries hit by exogenous shocks
- Will allow IMF to act more rapidly and efficiently in dealing with crises
- Designed to break the “chain of contagion”
This is what Hungary is putting together with the IMF, I believe. It has been under discussion since before the G20 at the beginning of this month.
