The Telegraph reports that the Managing Director of the International Monetary Fund, Dominique Strauss-Kahn, said that the Fund needed an urgent cash infusion if it was to continue bailing out troubled economies in the future. The article stated that "Mr Strauss-Kahn also indicated that the world's advanced economies were now tipping from recession into full-blown depression, cementing fears about the scale of the economic slump in rich nations".
He is quoted as saying: "Today, the IMF's resources are enough to face the situation but because we are facing a global crisis, the needs may be much bigger than previously," he said. "We have to intervene in Asia, Africa and Central Europe, Latin America, and maybe elsewhere. I can't promise that in six to eight months from now, we will have enough resources."
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