{
  "title": "Flexible Credit Line - Operational Guidance Note",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2018/08/06/pp080618-flexible-credit-line-operational-guidance-note",
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  "summary": "This note provides general guidance on the use of the Flexible Credit Line (FCL). After an overview of the instrument, explaining its specific nature, the operational issues are grouped into three areas: <br /><br /> • an outline of the process and specific steps that need to be followed if a member",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Purpose: Provides general guidance on the use of the Flexible Credit Line (FCL).\n- Structure: After an overview of the instrument and its specific nature, the operational issues are grouped into three areas:\n  - an outline of the process and specific steps that need to be followed if a member expresses interest in an arrangement;\n  - guidance on determining qualification of a member; and\n  - a how-to guide for determining appropriate access levels.\n- Role: The note is an aid to the implementation of the policy and its underlying principles.\n- Hierarchy of norms: If a provision of the guidance note or its implementation conflicts with Board policy, Board policy prevails.\n- Maintenance: It will be revised as needed, for example following relevant policy reviews."
    },
    {
      "heading": "Operational issues (grouped areas)",
      "content": "- Process and steps when a member expresses interest:\n  - Outlines the process and specific steps to follow (text describes an outline but does not list step-by-step details on the landing page).\n- Qualification guidance:\n  - Provides criteria and guidance for determining qualification of a member (page signals guidance exists; details are contained in the full note).\n- Access-level determination:\n  - Includes a how-to guide for determining appropriate access levels for an FCL arrangement."
    },
    {
      "heading": "Implementation guidance and usage notes",
      "content": "- Intended use: The note is intended as an implementation aid rather than a substitute for Board policy.\n- Conflict resolution: Board policy prevails over any conflicting provision in the guidance note or its implementation.\n- Revision policy: The note will be revised as needed (for example following relevant policy reviews)."
    },
    {
      "heading": "Publication and distribution notes",
      "content": "- Publication date: August 6, 2018\n- Distribution channels and outreach:\n  - Policy Papers (category on the site)\n  - IMF eLibrary: \"Our eLibrary offers over 25,000 IMF publications in multiple formats.\"\n  - IMF Publications Newsletter: \"Latest economic research and insights delivered to your inbox each month.\"\n\nFlexible Credit Line - Operational Guidance Note, August 6, 2018\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2018/08/06/pp080618-flexible-credit-line-operational-guidance-note"
    }
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    "Published: August 6, 2018",
    "Purpose: Provides general guidance on the use of the Flexible Credit Line (FCL).",
    "Structure: After an overview of the instrument and its specific nature, the operational issues are grouped into three areas:",
    "Role: The note is an aid to the implementation of the policy and its underlying principles.",
    "Hierarchy of norms: If a provision of the guidance note or its implementation conflicts with Board policy, Board policy prevails.",
    "Maintenance: It will be revised as needed, for example following relevant policy reviews.",
    "Process and steps when a member expresses interest:",
    "Qualification guidance:",
    "Access-level determination:",
    "Intended use: The note is intended as an implementation aid rather than a substitute for Board policy.",
    "Conflict resolution: Board policy prevails over any conflicting provision in the guidance note or its implementation.",
    "Revision policy: The note will be revised as needed (for example following relevant policy reviews).",
    "Publication date: August 6, 2018",
    "Distribution channels and outreach:",
    "**Policy Paper**"
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