Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options
Policy Papers, February 6, 2009
Source details
- Canonical URL
- Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options
Other formats
Bibliographic details
- Published: February 6, 2009
- Series: Policy Papers
Summary and purpose
- Examines the analytical basis for Fund lending in emerging market countries.
- Provides a broad-ranging perspective for reforming the General Resources Account (GRA) lending toolkit.
- Situates the paper within the ongoing review of Fund facilities.
Key analytical findings about the Fund’s lending role
- The Fund’s important lending role in crisis prevention and resolution is buttressed by three unique characteristics:
- (i) its ability as a nonatomistic lender to provide large-scale financing and reduce the likelihood of a run by private creditors;
- (ii) its ability as a cooperative institution with near-universal membership to agree conditionality with members, thus providing national authorities with a policy commitment tool to underpin confidence and catalyze private lending;
- (iii) its de facto preferred creditor status, which allows it to provide crisis financing when private creditors may be reluctant to lend.
Subjects and thematic coverage
- Contingent credit lines
- Crisis prevention
- Economic models
- Emerging markets
- Fund facilities
- General Resources Account
- Lending commitments by Fund
- Use of Fund resources
Publication and access details
- Publication date: February 6, 2009
- Format reference shown: Chicago
- eLibrary note: "Our eLibrary offers over 25,000 IMF publications in multiple formats."
Review of Fund Facilities-Analytical Basis for Fund Lending and Reform Options, (USA: International Monetary Fund, 0) accessed 9/18/2026
Content in this bundle
- Review of Fund Facilities—Analytical Basis for Fund Lending and Reform Options; February 6, 2009