If builders run over budget, they might have to renegotiate a line of credit or credit facility, so the last person in line for payment may wait longer, he said.

FORBES: Slower payments hitting some construction firms

Unlike the Fund's existing Supplementary Reserve Facility and new Contingency Credit Line, access to the contagion facility would require an explicit finding by a qualified majority of creditor countries that the crisis was systemic.

ECONOMIST: Diminishing returns | The

This week, as he was in China visiting high-level government officials, Mr. Cook also toured an iPhone assembly line at a Foxconn facility in Zhengzhou.

WSJ: Audit Finds Apple Supplier Violates Chinese Work Rules