{
  "title": "Virtual : Monetary Policy Implementation-Emergency Liquidity Assistance",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/molmsa22-17v",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/molmsa22-17v",
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  "summary": "Back to top Virtual : Monetary Policy Implementation-Emergency Liquidity Assistance Deadline passed Session No.",
  "publishDate": "2023-03-11",
  "sections": [
    {
      "heading": "Training program overview",
      "content": "- Session No.: SA 22.17 V\n- Location: New Delhi, India\n- Date: April 4-6, 2022 (1 week) New dates\n- Delivery Method: Virtual Training\n- Primary Language: English\n- Status: Deadline passed\n- Purpose: Continuation of the joint SARTTAC-CDOT course focused on Emergency Liquidity Assistance (ELA) as Lender of last resort."
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - Central bank officials from CDOT and SARTTAC member countries.\n- Qualifications:\n  - Participants are expected to be involved in the design and operationalization of the Emergency Liquidity Assistance (Lender of last resort) framework.\n  - Typical departmental affiliations: Monetary Operations, Banking Supervision, Financial Stability, Risk Management, and Legal."
    },
    {
      "heading": "Course content and delivery",
      "content": "- Prior segments in the joint SARTTAC-CDOT course (context for this segment):\n  - i) interest rate corridor (August 2021)\n  - ii) central bank daily liquidity management (October 2021)\n  - iii) collateral framework for central bank liquidity-providing operations (January 2022)\n- Focus for April 2022 segment:\n  - Emergency Liquidity Assistance (Lender of last resort)\n  - Rationale: All central banks should be ready to act as lenders of last resort by providing ELA to solvent banks facing temporary liquidity stress to preserve financial stability.\n  - Relevance: Of interest to officials from central banks in the region, independent of their current monetary policy regime.\n- Delivery format and schedule:\n  - The segment on ELA will consist of three 90-minute sessions held over three days.\n  - Day 1: IMF expert presentation on the key principles of an ELA framework.\n  - Day 2: Lecture elaborating on the operational considerations to implement such a framework.\n  - Day 3: Invited central banks present a case study sharing experience and challenges in the design and implementation of an ELA framework, followed by a panel discussion.\n  - The course will be delivered remotely and will bring together country officials and IMF experts to discuss the importance of and ELA framework."
    },
    {
      "heading": "Course objectives",
      "content": "- Improve the understanding of designing and operating an Emergency Liquidity Framework (Lender of last resort).\n- Facilitate exchange of experiences with central banks from the region."
    }
  ],
  "bullets": [
    "Session No.: SA 22.17 V",
    "Location: New Delhi, India",
    "Date: April 4-6, 2022 (1 week) New dates",
    "Delivery Method: Virtual Training",
    "Primary Language: English",
    "Status: Deadline passed",
    "Purpose: Continuation of the joint SARTTAC-CDOT course focused on Emergency Liquidity Assistance (ELA) as Lender of last resort.",
    "Target Audience:",
    "Qualifications:",
    "Prior segments in the joint SARTTAC-CDOT course (context for this segment):",
    "Focus for April 2022 segment:",
    "Delivery format and schedule:",
    "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."
  ],
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  "generatedAtUtc": "2026-09-29T19:51:06.890Z"
}