IMF estimates total loss of U.S. credit as $1.4 trl

The IMF on Tuesday in a semiannual report also raised its estimate of the total losses that will be caused by the U.S. credit crisis to $1.4 trillion, up from an estimate of $1 trillion in April.

The IMF's report says restoration of financial stability would "benefit from a publicly-stated collective commitment by the authorities of the affected countries to address the issue in a consistent and coherent manner."