02225cas a2200313 a 4500 AALejournalIMF020225 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498335645 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Reduction of Blackout Periods in GRA Arrangements. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (15 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 March 2009 reforms of the General Resources Account (GRA) lending toolkit, the Executive Board asked staff to prepare a paper addressing the problem of blackout periods under GRA arrangements, which interrupt access to accumulated but undrawn purchases. This request arose in the context of the decision to make high-access precautionary arrangements (HAPAs) available to members on a more regular basis (with greater flexibility regarding frontloading of access). Blackout periods have important implications given that the crisis-prevention and confidence-enhancing role of precautionary arrangements (particularly HAPAs) depend on strong assurances that resources will be available if needed. Section II provides background on the issue of blackout periods and the expanded role of precautionary arrangements under the recent reforms. Section III proposes a solution to provide greater assurances to members regarding continuity of access to accumulated rights while maintaining appropriate safeguards. Mode of access: Internet Blackout Period imf Drawing Right imf Period imf PP imf Test Data imf Costa Rica imf Policy Papers; Policy Paper ; No. 2009/059 Full text available on IMF http://elibrary.imf.org/view/journals/007/2009/059/007.2009.issue-059-en.xml IMF e-Library