## The Fund’s Liquidity Position—Review and Outlook

_Policy Papers, April 13, 2010_

## Source details

**Canonical URL:** [The Fund’s Liquidity Position—Review and Outlook](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-funds-liquidity-position-review-and-outlook-pp4447)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/the-funds-liquidity-position-review-and-outlook-pp4447/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/the-funds-liquidity-position-review-and-outlook-pp4447/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/the-funds-liquidity-position-review-and-outlook-pp4447/bundle-manifest.json)

## Bibliographic details
- Published: April 13, 2010
- Series: Policy Papers
- Stock No: ISBN

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### Scope and focus
- Reviews the Fund’s financial activities for the period September 11, 2009 through March 31, 2010.
- Discusses recent developments likely to influence the Fund’s liquidity position.
- Examines the outlook for liquidity using the one-year Forward Commitment Capacity (FCC), identified as the primary measure of the Fund’s liquidity.

### Key technical definitions and measurement
- One-year Forward Commitment Capacity (FCC): the primary measure of the Fund’s liquidity used in the paper.
- FCC is calculated taking into account supplementary resources made available under borrowing arrangements, including note purchase agreements.

### Main analytical approach
- Historical review of financial activities during September 11, 2009 through March 31, 2010 to inform the liquidity assessment.
- Forward-looking assessment of liquidity conditioned on supplementary resources from borrowing arrangements.

### Subjects and topical coverage (as listed)
- Borrowed resources
- Borrowed resources use
- Borrowing by Fund
- Forward commitment capacity
- Fund general resources
- Fund liquidity position
- General Resources Account
- Lending commitments by Fund
- Quotas

### Publication metadata
- Publication title: The Fund’s Liquidity Position—Review and Outlook
- Publication date: April 13, 2010

*Source: The Fund’s Liquidity Position—Review and Outlook, April 13, 2010, https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-funds-liquidity-position-review-and-outlook-pp4447*

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## Content in this bundle

- **The Fund’s Liquidity Position—Review and Outlook; IMF Policy Paper; April 12, 2010**
  - [The Fund’s Liquidity Position—Review and Outlook; IMF Policy Paper; April 12, 2010 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2010/_041210.pdf.md){rel="alternate" type="text/markdown"}
  - [The Fund’s Liquidity Position—Review and Outlook; IMF Policy Paper; April 12, 2010 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2010/_041210.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/the-funds-liquidity-position-review-and-outlook-pp4447_