AlHijjah 8, 1432, Nov 4, 2011, SPA -- Leaders of the Group of 20 (G20) major economies agreed that the International Monetary Fund (IMF) should create a new loan facility to help countries facing liquidity crises, dpa quoted diplomats at the G20 summit as saying on Friday. The so-called Precautionary and Liquidity Line from the IMF would be able to help countries for "up to six months," sources told dpa. Analysts have speculated that Italy - which is solvent but is having to pay ever-higher interest rates to convince markets to buy its government debt - could tap in to the new IMF loan facility.
