Indiatimes cited Mr Dominique Strauss Kahn MD International Monetary Fund as saying that IMF may be out of resources in the next 6 to 8 months as the current financial crisis may require more funds.

Mr Kahn said that "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. We have to intervene in Asia, Africa and Central Europe, Latin America may be elsewhere. I can't promise that in 6-8 months from now, we will have enough resources."

Noting that Japan had offered to add USD 100 billion to the fund's resources, Mr Strauss Kahn urged other countries to follow Japan's example to enable the world body to aid the global crisis.

He commended central banks across Asia for being alert and acting swiftly by reducing interest rates to stimulate economic activity. He said the Reserve Bank of India and Bank of Korea had perhaps been most aggressive in cutting interest rates. He admitted that monetary policy alone would not be enough to offset the disruption in financial markets and the severity of the downturn, adding that not every country could undertake fiscal stimulus.

(Sourced from Indiatimes.com)