The Fund's Financing Role - Reform Proposals on Liquidity and Emergency Assistance

The Fund's Financing Role - Reform Proposals on Liquidity and Emergency Assistance
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
Total Pages: 21
Release: 2011-10-28
Genre: Business & Economics
ISBN: 149833833X

The possible global repercussions from the ongoing turmoil in the Euro Area and recent calls for enhanced emergency assistance in the Middle East and North African region are reminders of the urgent need for a more effective global financial safety net to deal with increased interconnectedness and volatility. Past work by staff identified gaps in the Fund’s lending toolkit to respond to liquidity needs of members with relatively strong fundamentals affected during systemic crises (the crisis bystanders), and to address urgent financing needs arising in a broader range of circumstances than natural disasters and post-conflict situations. The companion paper on the Review of the Flexible Credit Line (FCL) and Precautionary Credit Line (PCL) also identified gaps in the overall flexibility of the financing toolkit. This paper provides proposals to fill these gaps, while preserving the simplicity and coherence of the lending framework, and balancing members’ financing needs against the need for adequate safeguards for the use of Fund resources.

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Ninth Issue

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Ninth Issue
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 1048
Release: 2017-08-01
Genre: Business & Economics
ISBN: 1484306600

This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Eighth Issue

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Eighth Issue
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 1026
Release: 2016-08-23
Genre: Business & Economics
ISBN: 1513540890

This volume documents decisions, interpretations, and resolutions of the Executive Board and Board of Governors of the International Monetary Fund, as well as documents relating to the United Nations and other international organizations.

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Sixth Issue

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Sixth Issue
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 1074
Release: 2012-06-30
Genre: Business & Economics
ISBN: 1475549717

The Thirty-Sixth Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents relevant to the current activities of the Fund.

Precautionary and Liquidity Line - Operational Guidance Note

Precautionary and Liquidity Line - Operational Guidance Note
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
Total Pages: 51
Release: 2018-08-06
Genre: Business & Economics
ISBN: 1498309437

"This note provides general guidance on the use of the Precautionary and Liquidity Line (PLL). After an overview of the instrument, explaining its specific nature, the operational issues are grouped into five areas: • an outline of the process and specific steps that need to be followed if a member expresses interest in an arrangement; • guidance on access, phasing, and purchases; • guidance on determining qualification of a member and appropriate ex-post conditionality; and • a guide to the semi-annual review process. The note is an aid to the implementation of the policy and its underlying principles. If there is any instance in which a provision of the guidance note or its implementation conflicts with Board policy, Board policy prevails. It will be revised as needed, for example following relevant policy reviews."

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Seventh Issue

Selected Decisions and Selected Documents of the International Monetary Fund, Thirty-Seventh Issue
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 1088
Release: 2014-12-23
Genre: Business & Economics
ISBN: 1498302858

The Thirty-Seventh Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents to which frequent reference is made in the current activities of the Fund. In addition, it includes documents relating to the IMF, the United Nations, and other international organizations.

Selected Decisions and Selected Documents of the International Monetary Fund, Fortieth Issue

Selected Decisions and Selected Documents of the International Monetary Fund, Fortieth Issue
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 854
Release: 2019-09-24
Genre: Business & Economics
ISBN: 1498318983

This volume is the Fortieth Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.

The Lender of Last Resort Function after the Global Financial Crisis

The Lender of Last Resort Function after the Global Financial Crisis
Author: Marc Dobler
Publisher: International Monetary Fund
Total Pages: 63
Release: 2016-01-22
Genre: Business & Economics
ISBN: 1513567780

The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the traditional way of conducting these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this paper we focus on, for the most part, the provision of idiosyncratic support, approaching it from an operational perspective; highlighting different approaches adopted by central banks; and also identifying some of the issues that arose during the GFC.

Selected Decisions and Selected Documents of the International Monetary Fund, Forty First Issue Supplement

Selected Decisions and Selected Documents of the International Monetary Fund, Forty First Issue Supplement
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 907
Release: 2021-02-08
Genre: Business & Economics
ISBN: 1513557521

This volume is the Forty-First Issue of Selected Decisions and Selected Documents of the IMF. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents, to which frequent reference is made in the current activities of the IMF. In addition, it includes certain documents relating to the IMF, the United Nations, and other international organizations. As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly, it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions. Wherever reference is made in these decisions and documents to a provision of the IMF’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.

Selected Decisions and Selected Documents of the International Monetary Fund

Selected Decisions and Selected Documents of the International Monetary Fund
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 1064
Release: 2024-03-12
Genre: Business & Economics
ISBN:

This volume is the Forty-Third Issue of Selected Decisions and Selected Documents of the International Monetary Fund. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents, to which frequent reference is made in the current activities of the Fund. In addition, it includes certain documents relating to the Fund, the United Nations, and other international organizations.