The G20 group is considering awarding the International Monetary Fund (IMF) a forex swap mandate for central banks, The Wall Street Journal reports. The IMF would provide short-term forex swaps to central banks in developing nations, as a means to handle financial shocks. France and the U.S. Federal Reserve have supported the move. The IMF, which will be required to set tough standards for the swap lines, will likely seek new sources of cash in case the program is approved.
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