The Flexible Credit Line—Guidance on Operational Issues

Date: November 2, 2009
Electronic Access: Full Text

Summary:The Flexible Credit Line (FCL) was introduced as part of a package of reforms to the Fund’s lending facilities in March 2009. The following provides operational guidance and further background information on the FCL. SPR (the Emerging Markets Division), FIN, and LEG stand ready to clarify any further questions departments may have on the FCL or other aspects of the reforms to lending and conditionality.

Series : Policy Paper
Subject(s): Flexible Credit Line | Access to Fund general resources | Balance of payments need | Post-program monitoring | Fund facilities