{
  "title": "Emergency Liquidity Assistance",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2025/elasa25-17",
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  "summary": "Back to top Qualifications Participants should have a background in economics or finance, relevant work experience in central banking and basic knowledge of operational aspects of liquidity assistance.",
  "publishDate": "2025-05-20",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - Central bank officials involved in implementing Emergency Liquidity Assistance/Last Resort Loan.  \n- Qualifications:\n  - Background in economics or finance.\n  - Relevant work experience in central banking.\n  - Basic knowledge of operational aspects of liquidity assistance."
    },
    {
      "heading": "Course description and core topics",
      "content": "- Organized by the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the IMF Capacity Development Office in Thailand (CDOT).\n- Focus: primary challenges faced by central banks in emerging markets and developing economies regarding Emergency Liquidity Assistance (ELA).\n- Core topics:\n  - Conditions for ELA.\n  - Parameters and conditionality for ELA operations.\n  - Internal organization and governance of ELA implementation.\n  - Building blocks of a collateral framework, including:\n    - eligibility,\n    - valuation,\n    - risk control measures.\n- Pedagogical approach:\n  - Lectures and discussions.\n  - Selected country case studies.\n  - Practical training.\n  - Culminating panel discussion to summarize insights and identify opportunities for enhancing implementation efforts."
    },
    {
      "heading": "Course objectives",
      "content": "- Enhance understanding of the ELA framework among central bank officials.\n- Identify challenges and solutions related to implementing ELA in emerging markets.\n- Explore the role of collateral in ELA operations.\n- Discuss the parameters and conditionality associated with ELA frameworks.\n- Facilitate knowledge sharing through country case studies and practical workshops.\n- Explore the role of communication and transparency in ELA processes while balancing the legitimate need for confidentiality."
    }
  ],
  "bullets": [
    "Target Audience:",
    "Qualifications:",
    "Organized by the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the IMF Capacity Development Office in Thailand (CDOT).",
    "Focus: primary challenges faced by central banks in emerging markets and developing economies regarding Emergency Liquidity Assistance (ELA).",
    "Core topics:",
    "Pedagogical approach:",
    "Enhance understanding of the ELA framework among central bank officials.",
    "Identify challenges and solutions related to implementing ELA in emerging markets.",
    "Explore the role of collateral in ELA operations.",
    "Discuss the parameters and conditionality associated with ELA frameworks.",
    "Facilitate knowledge sharing through country case studies and practical workshops.",
    "Explore the role of communication and transparency in ELA processes while balancing the legitimate need for confidentiality."
  ],
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  },
  "generatedAtUtc": "2026-09-29T20:06:01.654Z"
}