Precautionary and Liquidity Line—Operational Guidance Note
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The Precautionary and Liquidity Line (PLL) was introduced in the context of the Board discussion on the Fund's Financing Role: Reform Proposals on Liquidity and Emergency Assistance in November 2011, replacing and broadening the scope of the previously established Precautionary Credit Line (PCL). The following note provides operational guidance to staff and further background information on the PLL. SPR (the Emerging Markets Division), FIN, and LEG stand ready to clarify any further questions that departments may have on the PLL.
Series:
Policy Papers
Subject:
Access limits Conditionality Phasing of purchases Precautionary and Liquidity Line Transparency
English
Publication Date:
May 31, 2012
Format:
Paper
Please address any questions about this title to publications@imf.org