skip to Main Content
Ligue (48) 3024-4211 ou (48) 99153-9100

imf lending instruments

To help prevent or mitigate crises and boost market confidence during Review of IMF lending instruments and lending role ‘The IFIs should also continue to review and adapt their lending instruments to adequately meet their members’ needs and revise their lending role in the light of the ongoing financial crisis.’ 8. Crises generally result in sharp slowdown in growth, higher unemployment, lower incomes and greater uncertainty which cause a deep recession. However, for some arrangements, countries can use IMF resources with no or limited conditionality if they have already established their commitment to sound policies (FCL, PLL) or where they are designed for urgent and immediate needs, for instance, because of the transitory and limited nature of the shock or where policy implementation capacity is limited, including due to fragilities (RFI, RCF). Extended Credit Facility (ECF), the Standby Credit Facility January 2010 under the Poverty Reduction and Growth Trust (PRGT) for low-income countries are the Fund’s main tools for medium-term These policies will vary depending upon the country’s circumstances. Their use has increased substantially since the global financial crisis, reflecting the structural nature of **To note: The PSI and PCI do not provide financial suppor, but the PSI is a PRGT instrument while the PCI applies to both PRGT and GRA. (‘conditionality’). IMF Members' Quotas and Voting Power, and Board of Governors, IMF Regional Office for Asia and the Pacific, IMF Capacity Development Office in Thailand (CDOT), IMF Regional Office in Central America, Panama, and the Dominican Republic, Financial Sector Assessment Program (FSAP), Currency Composition of Official Foreign Exchange Reserves, Effectiveness of IMF Lending Programs: Country Case Studies. A major aim was to enhance crisis-prevention instruments through the creation of the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL). More than 1/3 of the IMF’s membership have received relief from the Fund. Rapid Financing Instrument (RFI). multiple of the country’s function MSFPpreload(img) rate, with a grace period of 4 years, and a final maturity extensive distortions that require fundamental economic // -->

Back To Top