Connect with IMF Institute
Financial Sector Policies

Virtual : Monetary Policy Implementation-Emergency Liquidity Assistance

Deadline passed

Session No.: SA 22.17V

Location: New Delhi, India

Date: April 4-6, 2022 (1 week) New dates

Primary Language: English

    Target Audience

    Central bank officials from CDOT and SARTTAC member countries.

    Back to top

    Qualifications

    The participants are expected to be involved in the design and operationalization of the Emergency Liquidity Assistance (Lender of last resort) framework. They usually belong to the Monetary Operations, Banking Supervision, Financial Stability, Risk Management, and Legal departments.

    Back to top

    Course Description

    This course is a continuation of the joint SARTTAC-CDOT course. Earlier segments included: i) interest rate corridor (August 2021); ii) central bank daily liquidity management (October 2021); and iii) collateral framework for central bank liquidity-providing operations (January 2022). The topic of the April 2022 segment is Emergency Liquidity Assistance (Lender of last resort). All central banks should be ready to act as lenders of last resort, by providing Emergency Liquidity Assistance (ELA) to solvent banks facing temporary liquidity stress, to preserve financial stability. The topic is of interest to officials from central banks in the region, independent of their current monetary policy regime. The course will be delivered remotely. The segment on ELA will consist of three 90-minute sessions held over three days. It will bring together in a virtual format country officials and IMF experts to discuss the importance of and ELA framework. On day one an IMF expert will deliver a presentation on the key principles of an ELA framework. The lecture on day 2 way will elaborate on the operational considerations to implement such a framework. On day 3, invited central banks will present a case study to share its experience and challenges faced in the design and implementation of an ELA framework. This will be followed by a panel discussion.

    Back to top

    Course Objectives

    Improve the understanding of designing and operating an Emergency Liquidity Framework (Lender of last resort). Facilitate exchange of experiences with central banks from the region.

    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    Informality - Policy Objectives, Options, and Constraints (POOC)

    English, April 10-14, 2023, Vienna, Austria

    Apply online by January 29, 2023

    Fiscal Frameworks (FF)

    English (Russian), April 24, 2023 - May 5, 2023, Vienna, Austria

    Apply online by January 29, 2023

    Virtual : Gender Budgeting (GB)

    English, April 24-28, 2023, Singapore, Singapore

    Apply online by January 30, 2023