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IMF to adopt new scheme to offer short-term dollar funds - Japanese government source

Reuters  |  TOKYO 

TOKYO (Reuters) - The International Monetary Fund will introduce a new facility to give countries swift access to short-term dollar funds to guard against a potential financial crisis, a Japanese government source with direct knowledge of the matter said on Tuesday.The move would come amid concern held by some analysts that the Federal Reserve's monetary tightening path could trigger a withdrawal of funds from emerging Asian economies and disrupt financial markets.Under the new scheme, member countries that undergo a preliminary review can tap the IMF for short-term dollar funds they can use ...

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First Published: Tue, June 20 2017. 13:35 IST