Temporary Modification to the Fund's Annual Access Limits
July 22, 2020
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The COVID-19 pandemic has caused a uniquely severe synchronized shock across the global economy, in turn leading numerous member countries to request substantial financial assistance from the Fund. The Executive Board responded to members’ needs by increasing the access limits under the Fund’s emergency financing instruments by 50 percent of quota for a period of 6 months (until October 5, 2020), subject to a possible extension by the Executive Board.
Subject: Balance of payments, Balance of payments need, COVID-19, Credit, Emergency assistance, Foreign aid, Health, Money
Keywords: application of the NAAL, Balance of payments need, COVID-19, Credit, Emergency assistance, emergency financing instrument, financial support, financing, Global, Gra credit, IMF's executive board, PP, RFI purchase, risk management framework
Pages:
28
Volume:
2020
DOI:
Issue:
036
Series:
Policy Paper No. 2020/036
Stock No:
PPEA2020036
ISBN:
9781513550947
ISSN:
2663-3493
