## Technical Note on Synchronized Approval of Flexible Credit Lines for Multiple Countries

_Policy Papers, October 26, 2010_

## Source details

**Canonical URL:** [Technical Note on Synchronized Approval of Flexible Credit Lines for Multiple Countries](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/technical-note-on-synchronized-approval-of-flexible-credit-lines-for-multiple-countries-pp4498)

## Other formats

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## Bibliographic details
- Published: October 26, 2010
- Series: Policy Papers

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### Overview
- Publication date: October 26, 2010
- Purpose: Sketches procedures under which synchronized approval of Flexible Credit Line (FCL) arrangements for multiple member countries could be undertaken under the existing FCL Decision and other Fund policies.
- Context: As foreshadowed in the Executive Board Report to the IMFC on the Fund’s Mandate.
- Clarification: This technical note neither modifies existing Fund policies, nor establishes a new financing instrument.
- Access note on landing page: Download PDF; Preview Citation; Format: Chicago.

### Key findings and rationale
- When multiple members face the same shock, synchronized approval of FCL arrangements could:
  - strengthen the effectiveness of the response to the common shock.
  - minimize first-mover problems.
- The note sketches procedural steps consistent with the existing FCL Decision and other Fund policies (no policy changes proposed).

### Procedural scope and boundaries
- Scope: Procedures pertain to synchronized approval of FCL arrangements for multiple member countries.
- Boundaries:
  - No modification of existing Fund policies.
  - No establishment of a new financing instrument.

### Subject tags and thematic focus
- Access to Fund general resources
- Confidentiality
- Crisis prevention
- Extended arrangement requests
- Flexible Credit Line
- Fund approval
- Fund policies
- Precautionary Credit Line

### Publication and platform details
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- Citation snippet on page: Technical Note on Synchronized Approval of Flexible Credit Lines for Multiple Countries , (USA: International Monetary Fund, 0) accessed 9/18/2026

*Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/technical-note-on-synchronized-approval-of-flexible-credit-lines-for-multiple-countries-pp4498*

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/technical-note-on-synchronized-approval-of-flexible-credit-lines-for-multiple-countries-pp4498_