## Flexible Credit Line - Operational Guidance Note

## Source details

**Canonical URL:** [Flexible Credit Line - Operational Guidance Note](https://www.imf.org/en/publications/policy-papers/issues/2018/08/06/pp080618-flexible-credit-line-operational-guidance-note)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2018/08/06/pp080618-flexible-credit-line-operational-guidance-note/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2018/08/06/pp080618-flexible-credit-line-operational-guidance-note/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2018/08/06/pp080618-flexible-credit-line-operational-guidance-note/bundle-manifest.json)

## Bibliographic details
- Published: August 6, 2018

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### Overview
- 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:
  - an outline of the process and specific steps that need to be followed if a member expresses interest in an arrangement;
  - guidance on determining qualification of a member; and
  - a how-to guide for determining appropriate access levels.
- 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.

### Operational issues (grouped areas)
- Process and steps when a member expresses interest:
  - Outlines the process and specific steps to follow (text describes an outline but does not list step-by-step details on the landing page).
- Qualification guidance:
  - Provides criteria and guidance for determining qualification of a member (page signals guidance exists; details are contained in the full note).
- Access-level determination:
  - Includes a how-to guide for determining appropriate access levels for an FCL arrangement.

### Implementation guidance and usage notes
- 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 and distribution notes
- Publication date: August 6, 2018
- Distribution channels and outreach:
  - Policy Papers (category on the site)
  - IMF eLibrary: "Our eLibrary offers over 25,000 IMF publications in multiple formats."
  - IMF Publications Newsletter: "Latest economic research and insights delivered to your inbox each month."

*Flexible Credit Line - Operational Guidance Note, August 6, 2018*

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## Content in this bundle

- **Policy Paper**
  - [Policy Paper (Markdown version)](/-/media/files/publications/pp/2018/pp080618-flexible-credit-line-operational-guidance-note.pdf.md){rel="alternate" type="text/markdown"}
  - [Policy Paper (PDF)](/-/media/files/publications/pp/2018/pp080618-flexible-credit-line-operational-guidance-note.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2018/08/06/pp080618-flexible-credit-line-operational-guidance-note_