MEXICO CITY, Oct 19 (Reuters) - The International Monetary Fund is considering creating a new program to dissuade member countries from building up currency reserves, John Lipsky, the IMF's first deputy managing director, said on Monday.
"We are exploring the possibility of improving our existing facilities or adding other insurance-like facilities that would give our members greater confidence that they don't need to self insure by building up reserves," Lipsky told reporters at a conference in Mexico.
