The International Monetary Fund (IMF) has extended its credit instruments Tuesday and announced the creation of a new liquidity line to six months to support the country weakened by the European budget crisis.

The IMF said that the new line Precaution and Liquidity would act as "insurance against future shocks and as a window for short-term liquidity to meet the needs."

This new line will provide access to liquidity to finance six months, up to five times the quota of the member country concerned, and may also be used as part of an arrangement for a period of 12 to 24 months with this time access up to 10 times the quota of the country.

The IMF also created a new Financial Instrument for Rapid countries with balance of payments is facing urgent needs due to "external shocks" such as natural disasters.

"We acted quickly and the new instruments will respond more quickly and efficiently for the benefit of all members (IMF)," said Executive Director of the IMF, Christine Lagarde said in a statement.