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New financing window for food from IMF
The International Monetary Fund (IMF) Board of Directors approved the ‘Food Shock Window’ program to combat the food crisis.
The International Monetary Fund (IMF) Board of Directors approved the ‘Food Shock Window’ program as part of emergency financing instruments.
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The new financing window will provide additional access to emergency financing for countries facing the urgent need for balance of payments related to the global food crisis, the IMF said in a statement. In the statement, it was noted that the new financing window will be valid for one year.