Flexible Credit Line--Operational Guidance Note

Author: International Monetary Fund

Volume/Issue: Volume 2015 Issue 008

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Exports and Imports , Public Finance , PP , fcl arrangement , FCL decision , policy , procedure , FCL qualification , FCL resource , staff report , Balance of payments need , Lines of credit , Communications in revenue administration , Central bank balance sheet

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Summary

The Flexible Credit Line (FCL) was introduced as part of a package of reforms to the Fund’s lending facilities in March 2009 and its design was further refined in August 2010 and in the 2014 Review of the policy. The following provides operational guidance and further background information on the FCL. SPR (the Emerging Markets Division), FIN, and LEG stand ready to clarify any further questions departments may have on the FCL or other aspects of the reforms to lending and conditionality.