Emergency Liquidity Assistance

Source details

Session No.: SA 26.16
Deadline passed
Location: New Delhi, India
Date: April 20-24, 2026 (1 week)
Delivery Method: In-person Training
Primary Language: English
Target Audience:
- Central bank officials involved in implementing Emergency Liquidity Assistance/Last Resort Loan
Qualifications:
- Background in economics or finance
- Relevant work experience in central banking
- Basic knowledge of operational aspects of liquidity assistance

Offered by the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the Caucasus, Central Asia, and Mongolia Regional Capacity Development Center (CCAMTAC).
Focus: primary challenges central banks in emerging markets and developing economies face when executing Emergency Liquidity Assistance (ELA).
Core content areas:
- Conditions for ELA, parameters, and conditionality
- Internal organization and governance of ELA operations
- Role and building blocks of a collateral framework in ELA, including eligibility, valuation, and risk control measures
- Communication and transparency in ELA while balancing the legitimate need for confidentiality
Pedagogy:
- Main lectures and discussion sessions
- Selected country case studies
- Practical training exercises
- Concluding panel discussion to summarize key insights and identify opportunities to enhance implementation efforts and technical support

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