October 30, 2008	Thursday	Shawwal 30, 1429

WASHINGTON, Oct 29: The International Monetary Fund announced on Wednesday the creation of a new short-term liquidity facility for countries battered by the global financial crisis.

The IMF executive board approved the creation of the emergency tool “to establish quick-disbursing financing for countries with strong economic policies that are facing temporary liquidity problems in the global capital markets”, the 185-nation lending institution said in a statement.—AFP