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The International Monetary Fund (IMF) is setting an ambitious target to reduce the time needed to agree on debt deals to help poorer nations in Africa facing a funding squeeze. As many as eight African countries are requiring debt restructuring due to a vicious funding squeeze. The IMF's African Department Director, Abebe Selassie, stated that debt deals are being struck more quickly than in the past. The IMF has also reached its goal of adding $3 billion to a trust fund for the poorest countries. Sub-Saharan Africa's governments are facing a fiscal bind due to the debt squeeze. The warnings about the loss of fiscal discipline in the US were highlighted in the IMF's recent World Economic Outlook.