Training Program

Central bank officials involved in implementing Emergency Liquidity Assistance/Last Resort Loan.

Participants should have a background in economics or finance, relevant work experience in central banking and basic knowledge of operational aspects of liquidity assistance.

This course, offered by the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the IMF Capacity Development Office in Thailand (CDOT), will address the primary challenges faced by central banks in emerging markets and developing economies regarding Emergency Liquidity Assistance (ELA). Participants will explore various operational aspects of the ELA framework and the integral role of collateral within this context. Key topics include conditions for ELA, parameters and conditionality, internal organization and governance, and the building blocks of a collateral framework, such as eligibility, valuation, and risk control measures. The curriculum will include lectures, discussions, selected country case studies, and practical training. The course will culminate in a panel discussion that summarizes key insights and identifies opportunities for enhancing implementation efforts.