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IMF Country Reports:
Ex-Post Assessments Ex Post Evaluations of Exceptional Access Arrangements Guidance Note August 8, 2005 Report on Access to Fund Resources During 2003 February 5, 2004 Public Information Notice: IMF Concludes Discussion on Access Policy in the Context of Capital Account Crises; and Review of Access Policies in the Credit Tranches and the Extended Fund Facility March 21, 2003 Access Policy in Capital Account Crises—Modifications to the Supplemental Reserve Facility (SRF) and Follow-up Issues Related to Exceptional Access Policy January 14, 2003 Review of Access Policy Under the Credit Tranches and the Extended Fund Facility January 14, 2003 Public Information Notice: Review of Access Policy in the Credit Tranches and Under the Extended Fund Facility September 28, 2001 Review of Access Policy in the Credit Tranches and under the Extended Fund Facility August 8, 2001 Review of Access Policy in the Credit Tranches and under the Extended Fund Facility—Background Paper August 9, 2001 |
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Access Policy in Capital Account Crises Prepared by the Policy Development and Review and Treasurer's Departments (In Consultation with other Departments) July 29, 2002 Use the free Adobe Acrobat Reader to view the full
text (369kb PDF file). I. Introduction II. Summary of Experience in Past Exceptional Access Cases III. Objectives IV. Circumstances For Access Above the LimitsA. The Current Limits B. Criteria for Exceptional Access V. The Appropriate Scale of Access A. Procedures for Exceptional Access Decisions Supermajority approval of exceptional access B. An Exceptional Access Limit or Norm C. Prudential Considerations Strengthened analysis of Fund exposure and risks A maximum exposure limit VII. The Terms and Conditions of Exceptional Access VIII. The Next Steps and Issues for Discussion Boxes1. Brief Summary of Policies on Access to Fund Resources 2. Sustainability Analysis 3. Alternative Metrics of Fund Access 4. Burden Sharing and Exposure Limits Table 1. Exceptional Access in Fund Arrangements, 1995-2002 Annex I The Prague Framework for Private Sector Involvement Annex II An Overview of Past Exceptional Access Programs A. The Amount of Fund Support in the Exceptional Access Cases B. Some Outcomes of Exceptional Access Programs The attainment of external viability Securing capital market financing Has exceptional access under Fund arrangements added to moral hazard? Annex III Sustainability Analysis of Past Exceptional Access Programs Annex Figures 1. Fund Arrangements 2. Fund Commitments 3. Composition of Financing Packages in High Access Cases 4. Distribution of Adjustment 5. High Access Cases: Selected Indicators 6. High Access Cases: Selected Indicators 7. Market Access Indicator for Selected High Access Cases 8. Market Spread Before and After IMF Arrangement for Selected High Access Cases 9. Sensivity Analysis for External Debt-to-GDP Ratio |