IMF Approves New Program to Prevent Global Crisis 　　The International Monetary Fund (IMF) on April 25 approved a new program to prevent future global financial crisis. 　　IMF Managing Director Michel Camdessus and Italian Finance Minister Carlo Ciampi announced at a press conference that the agency's executive board had given final approval to creation of new "contingent credit lines" to make available billions of dollars of IMF loans to countries before a crisis strikes. 　　"I am confident this will be an important contribution for the world to be better prepared for future crisis," Camdessus said. 　　Camdessus said the Mexico peso crisis in 1994 and the Asian financial crisis made the IMF search for ways to lessen the disastrous impact of a sudden loss when financial crisis occurs. 　　Ciampi, chairman of the IMF's policy-setting interim committee, described the approval of the program as "a good start for the spring meetings" of the 182-nation lending institution. WorldNews 1999-04-27 Page7 Full Story in Chinese