## Virtual : Monetary Policy Implementation-Emergency Liquidity Assistance

## Source details

**Canonical URL:** [Virtual : Monetary Policy Implementation-Emergency Liquidity Assistance](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/molmsa22-17v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2022/molmsa22-17v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2022/molmsa22-17v/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2022/molmsa22-17v/bundle-manifest.json)

## Bibliographic details
- Session: SA 22.17V
- Location: New Delhi, India
- Dates: April 4-6, 2022 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Status: Deadline passed

---

### Training program overview
- 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 and qualifications
- Target Audience:
  - Central bank officials from CDOT and SARTTAC member countries.
- Qualifications:
  - Participants are expected to be involved in the design and operationalization of the Emergency Liquidity Assistance (Lender of last resort) framework.
  - Typical departmental affiliations: Monetary Operations, Banking Supervision, Financial Stability, Risk Management, and Legal.

### Course content and delivery
- Prior segments in the joint SARTTAC-CDOT course (context for this segment):
  - i) interest rate corridor (August 2021)
  - ii) central bank daily liquidity management (October 2021)
  - iii) collateral framework for central bank liquidity-providing operations (January 2022)
- Focus for April 2022 segment:
  - Emergency Liquidity Assistance (Lender of last resort)
  - 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.
  - Relevance: Of interest to officials from central banks in the region, independent of their current monetary policy regime.
- Delivery format and schedule:
  - The segment on ELA will consist of three 90-minute sessions held over three days.
  - Day 1: IMF expert presentation on the key principles of an ELA framework.
  - Day 2: Lecture elaborating on the operational considerations to implement such a framework.
  - 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.
  - The course will be delivered remotely and will bring together country officials and IMF experts to discuss the importance of and ELA framework.

### 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.

---


## References

- [Virtual Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Vulnerability Diagnostics (VDS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2026/vdsjv26-38)
- [Macro-relevant Environment and Climate Change Statistics (CCS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/hq/2027/ccshq27-01)
- [Investor Relations and Sovereign Bond Issuance (LCBM)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/lcbmsa26-44)
- [Fintech Market Development and Policy Implications (FINTECH)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2026/fintechst26-23)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/molmsa22-17v_