01914cas a2200241 a 4500 AALejournalIMF020094 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498336314 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (47 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the context of the ongoing review of Fund facilities, this paper examines the analytical basis for Fund lending in emerging market countries and provides a broad-ranging perspective for reforming the General Resources Account (GRA) lending toolkit. The Fund's important lending role in crisis prevention and resolution is buttressed by its unique characteristics: (i) its ability as a nonatomistic lender to provide large-scale financing and reduce the likelihood of a run by private creditors; (ii) its ability as a cooperative institution with near-universal membership to agree conditionality with members, thus providing national authorities with a policy commitment tool to underpin confidence and catalyze private lending; and (iii) its de facto preferred creditor status, which allows it to provide crisis financing when private creditors may be reluctant to lend. Mode of access: Internet Policy Papers; Policy Paper ; No. 2009/040 Full text available on IMF http://elibrary.imf.org/view/journals/007/2009/040/007.2009.issue-040-en.xml IMF e-Library