The head of the International Monetary Fund says it will draw up a list of new tools that could be used to stop struggling countries from being pushed into a full-blown financial crisis.
Christine Lagarde said Saturday that finance chiefs from world’s leading economies had asked the IMF to come up with "instruments that are more flexible, more short term, that allow countries in good economic health but in difficulty, to resist."
She added that the leaders of the Group of 20 rich and developing countries would consider these at their summit early next month.
The move comes as some eurozone countries are looking for the IMF to play a bigger role in preventing the currency union’s debt troubles from engulfing Italy and Spain.
