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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 Review of Access Policy Under the Credit Tranches and the Extended Fund Facility January 14, 2003 Access Policy in Capital Account Crises July 29, 2002 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—Modifications to the Supplemental Reserve Facility (SRF) and Follow-up Issues Related to Exceptional Access Policy Prepared by the Policy Development and Review and Treasurer's Departments (In Consultation with other Departments) January 14, 2003 Use the free Adobe Acrobat Reader to view the full
text (203kb PDF file). I. Introduction II. Operational Aspects of the Framework for Exceptional AccessA. Board Involvement in Exceptional Access Cases B. Private Sector Financing in Exceptional Access Cases C. Use of Alternative Metrics III. Maturity of Fund Lending in Capital Account Crises A. Purpose and Terms of the SRF B. The Mix of Resources Under Recent Arrangements C. Variation in the Duration of the Balance of Payments Need D. A Possible Lengthening of SRF Purchase Maturities IV. Access When a Debt Restructuring is Needed V. Issues For Discussion and Budgetary Implications for the Fund Boxes1. Template for Alternative Metrics in Considering Access 2. Supplemental Reserve Facility (SRF) Tables 1. Use of Exceptional Access, 1995-2002 2. Proposed Changes in Terms of the SRF Figures 1. Programmed Debt Service in Some Members with Capital Account Crises 2. SRF vs. SBA Cumulative Repurchase Obligations 3. SRF Spreads |