Crisis Prevention and Precautionary Arrangements - Status Report

Policy Papers, September 3, 2004

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Crisis Prevention and Precautionary Arrangements - Status Report

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Bibliographic details

• Published: September 3, 2004
• Series: Policy Papers
• Stock No: ISBN

Overview and purpose

• Provides a status report and proposes directions for future work.
• Begins with an outline of the broader context of crisis prevention and Fund policies.
• Notes a broad consensus among Directors on the nature of the problem and the areas of agreement on existing Fund policies.
• Summarizes the main arguments for and against a policy on exceptional access under precautionary arrangements to help prevent crises.

Broader context of crisis prevention and Fund policies

• Frames crisis prevention within the Fund’s policy toolkit.
• Emphasizes the role of precautionary arrangements as part of crisis-prevention efforts.

Consensus among Directors

• Reports a broad consensus among Directors regarding:
  • The nature of the problem the paper addresses.
  • Areas of agreement on existing Fund policies.

Exceptional access under precautionary arrangements

• Summarizes the principal arguments for and against adopting a policy on exceptional access under precautionary arrangements.
• Positions this debate in the context of helping to prevent crises.

Source: Crisis Prevention and Precautionary Arrangements - Status Report, September 3, 2004. Canonical URL: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/crisis-prevention-and-precautionary-arrangements-status-report-pp465