Download or read book Review of Access Policy Under the Credit Tranches and the Extended Fund Facility written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2003-01-14 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Review of Access Policy in the Credit Tranches the Extended Fund Facility and the Poverty Reduction and Growth Facility and Exceptional Access Policy written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2005-03-14 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Section I of this paper contains a discussion of the purpose of access rules, and Section II examines the Fund’s liquidity position. Section III discusses the potential demand for Fund resources resulting from several possible shocks. Section IV considers recent trends in access decisions and evaluates how they have conformed to the principles underlying the access rules, and whether the Fund’s liquidity would be a constraint to providing similar access in the period ahead. Section V summarizes recent developments in exceptional access and discusses issues pertinent to policy in such cases. Section VI concludes with the list of staff recommendations and the issues for discussion. Draft decisions on access to GRA and PRGF resources are provided in Section VII.

Download or read book Review of Access Policy in the Credit Tranches and Under the Extended Fund Facility and the Poverty Reduction and Growth Facility and Exceptional Access Policy written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2008-02-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the Fund’s access policy under its main financing facilities in the General Resources Account (GRA) and under the Poverty Reduction and Growth Facility (PRGF). It responds to the Board’s request for a periodic review of the access policy, that is, the rules and practices that govern the amount of financing the Fund makes available to its members.

Download or read book Review of Access to Financing in the Credit Tranches and Under the Extended Fund Facility and Overall Access Limits Under the General Resources Account written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2008-03-09 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Board completed its last review of access policy in February 2008 (2008 Access Policy Review). At that time, while some Directors saw the need for an increase in the limits on normal access to Fund resources, most Directors supported maintaining the access limits in the credit tranches and under the Extended Fund Facility (EFF) and the separate overall limits on access to resources in the General Resources Account (GRA) at the present level of 100 percent of quota on an annual basis and 300 percent on a cumulative basis. During the 2008 Spring Meetings, the International Monetary and Financial Committee (IMFC) encouraged the Executive Board to consider raising access limits. In doing so, the IMFC recognized that emerging market and developing countries are not immune to a broadening of the problems in financial markets and looked forward to reviewing progress at its next meeting. A fresh look at access limits is warranted in light of the broader review of the Fund’s lending framework which is underway, and to take account of the April 28, 2008 agreement on a second round of ad hoc quota increases under the quota and voice reform.

Download or read book Review of Exceptional Access Policy written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2004-03-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Review of Access Limits and Surcharge Policies written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-01-20 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scope and strategy: This paper reviews access limits and surcharge policies in the Fund’s General Resources Account (GRA). It builds on the preliminary Executive Board discussion that took place in May 2014, against the backdrop of the 14th Review quotas expected to become effective early in 2016, which will on average double individual members’ quotas. At the meeting in 2014, most Directors considered that a moderate increase in normal access limits in SDR terms would broadly restore the normal Fund access to levels considered acceptable in 2009, and saw merit in adjusting the surcharge threshold to allow for a moderate increase in the SDR value of credit not subject to the charge.

Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Download or read book The Fund s Lending Framework and Sovereign Debt Annexes written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-05-23 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Republic of Serbia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-05-21 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents key findings of the First Review under the Stand-by Arrangement (SBA) for the Republic of Serbia. The banking system of Serbia has weathered the external shocks well, but credit is slowing sharply. To safeguard economic stability in this markedly deteriorated environment, the authorities have revised their strategy. IMF staff supports the authorities’ request for an augmentation and extension of the SBA, a rephasing of purchases, and completion of the first program review and the financing assurances review.

Download or read book Selected Decisions and Selected Documents of the International Monetary Fund Thirty Sixth Issue written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-30 with total page 1074 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Thirty-Sixth Issue of Selected Decisions and Selected Documents of the International Monetary Fund includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, as well as selected documents relevant to the current activities of the Fund.

Download or read book Fund Assistance for Countries Facing Exogenous Shocks written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2003-08-08 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Ukraine written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-08-06 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even though the global financial crisis hit Ukraine hard, the Stand-By Arrangement (SBA) program managed to restore macroeconomic and financial stability. Executive Directors welcomed the new SBA aimed to consolidate public finances, restore banking system soundness, and develop a more robust monetary policy framework. Directors stressed the need for implementing tax and expenditure policies, pension reforms to catalyze financing, and measures to strengthen the banking system. Directors advised that strict adherence to these policies will help deepen market access, facilitating exit from IMF financial support.

Download or read book Republic of Latvia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-01-09 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses a request from the Republic of Latvia for a Stand-By Arrangement. The Latvian authorities are launching a decisive economic reform program and are seeking substantial international financial assistance to quell the crisis. With international reserves falling precipitously and reserves barely covering base money, the authorities are now seeking IMF assistance under the emergency financing procedures. The proposed IMF-supported program is part of a coordinated international effort. The program is centered on maintaining Latvia’s exchange rate peg through strong domestic policies and substantial international financial assistance.

Download or read book Annual Report of the Executive Directors for the Fiscal Year written by International Monetary Fund and published by . This book was released on 1980 with total page 962 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Argentina written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-07-13 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a difficult economic context, President Macri’s administration, over the past two and a half years, has taken bold steps to eliminate a wide range of distortions in the economy. Efforts were also made to strengthen institutions (including the complete reconstruction of the statistics agency, in an effort to restore credibility to Argentine data), as well as an assertive effort to tackle corruption. Despite these efforts, a gradual approach to fiscal consolidation, combined with a tightening of global financial conditions, a poor harvest, and the introduction of a tax on nonresident holdings of short-term central bank paper, generated significant anxiety among market participants. Starting in mid-April, Argentina came under abrupt balance of payments pressures as both domestic and foreign investors decided to liquidate their position in onshore peso assets. To stem the outflows, the authorities significantly increased short-term interest rates, tightened fiscal policy, and sold foreign exchange. Shortly after taking these steps the government announced its intention to approach the IMF for an exceptional access Stand-By Arrangement.

Download or read book Guatemala written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-05-12 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses a request from the Guatemalan authorities for an 18-month Stand-By Arrangement (SBA) with total access of SDR 630.6 million (about US$951 million). Guatemala has a strong track record of macroeconomic stability. The economy is open and hence vulnerable to external shocks. The authorities have taken a number of upfront measures to mitigate the impact of the external shock and preserve macroeconomic stability. The program will support the authorities’ policies and provide insurance against significant downside risks.

Download or read book Romania written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2013-10-04 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks, in particular uncertainties in the euro area as well as global volatility in capital flows to emerging markets. The new SBA would provide a valuable policy anchor and support Romania’s comprehensive economic program for 2013–2015 to maintain sound macroeconomic policies and financial sector stability and continue structural reforms to enhance growth prospects. The IMF staff supports the authorities’ request for a new SBA.