These estimates are broadly consistent with the direct recipient reporting data available for 2010:Q1.

WHITEHOUSE: Recovery Act Fourth Quarterly Report - Executive Summary

An even more market-friendly approach would be to fund these loans into an administered fund in the IMF, which would provide more flexibility for the loans, but would not guarantee that countries are willing to accept direct credit risk from recipient countries.

FORBES: Geithner To EU: IMF Will Play A Role, But Without Fed Money

If the recipient is also an ING Direct customer, he or she can log in and accept the money.

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