Temporary Modification to the Fund's Annual Access Limits

The Executive Board responded to members’ needs by increasing the access limits under the Fund’s emergency financing instruments by 50% of the quota.

Volume/Issue: Volume 2020 Issue 036

Publication date: July 2020

ISBN: 9781513550947

$0.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

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.

Exports and Imports , Money and Monetary Policy , PP , emergency financing instrument , financial support , financing , RFI purchase , IMF's executive board , Gra credit , risk management framework , application of the NAAL , Emergency assistance , Credit , Balance of payments need , Global , COVID-19

Also of interest

2018 Review of Program Design and Conditionality

Review of Implementation of IMF Commitments in Support of the 2030 Agenda for...

Annual Update on SDR Trading Operations

FY2024—Budget Outturn

Summary

The COVID-19 pandemic has caused a uniquely severe synchronized shock across the global economy, in turn leading numerous member countries to request substantial financial assistance from the Fund. The Executive Board responded to members’ needs by increasing the access limits under the Fund’s emergency financing instruments by 50 percent of quota for a period of 6 months (until October 5, 2020), subject to a possible extension by the Executive Board.