Precautionary and Liquidity Line : Operational Guidance Note.

This note provides general guidance on the use of the Precautionary and Liquidity Line (PLL). After an overview of the instrument, explaining its specific nature, the operational issues are grouped into five areas: -- an outline of the process and specific steps that need to be followed if a member...

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Співавтор: International Monetary Fund. Strategy, Policy, and Review Department
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2018.
Серія:Policy Papers; Policy Paper ; No. 2018/041
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Онлайн доступ:Full text available on IMF
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Резюме:This note provides general guidance on the use of the Precautionary and Liquidity Line (PLL). After an overview of the instrument, explaining its specific nature, the operational issues are grouped into five areas: -- an outline of the process and specific steps that need to be followed if a member expresses interest in an arrangement; -- guidance on access, phasing, and purchases; -- guidance on determining qualification of a member and appropriate ex-post conditionality; and -- a guide to the semi-annual review process. The note is an aid to the implementation of the policy and its underlying principles. If there is any instance in which a provision of the guidance note or its implementation conflicts with Board policy, Board policy prevails. It will be revised as needed, for example following relevant policy reviews.
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Фізичний опис:1 online resource (50 pages)
Формат:Mode of access: Internet
ISSN:2663-3493
Доступ:Electronic access restricted to authorized BRAC University faculty, staff and students