Review of the Flexible Credit Line, the Precautionary and Liquidity Line, and the Rapid Financing Instrument

January 28, 2014

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Format: Chicago

Review of the Flexible Credit Line, the Precautionary and Liquidity Line, and the Rapid Financing Instrument, (USA: International Monetary Fund, 0) accessed November 23, 2024

Summary

This review of the Flexible Credit Line (FCL), the Precautionary and Liquidity Line (PLL), and the Rapid Financing Instrument (RFI) focuses on four key issues: (i) the demand for the FCL and PLL in the context of the broader role of the Fund’s lending (including precautionary) instruments in the global financial safety net (GFSN); (ii) the qualification/conditionality framework for the FCL and the PLL; (iii) concerns about repeated usage of FCL arrangements by the same members and consideration of ways to further improve the transparency in the discussion of access/exit in the underlying staff documents; and (iv) the lack of demand for the RFI.

Subject: Article IV consultations, Conditionality, Financial safety nets, Flexible Credit Line, Forward commitment capacity, Fund role, Precautionary and Liquidity Line, Press releases, Rapid Financing Instrument

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