{
  "title": "Temporary Extensions and Modifications Of Access Limits In The Fund’s Lending Facilities",
  "publication": "Policy Papers, March 25, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2021/03/25/temporary-extensions-and-modifications-of-access-limits-in-the-funds-lending-facilities-50309",
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  "summary": "The Fund introduced two main sets of temporary adjustments to its lending frameworks in the early months of the pandemic: (i) increases in the limits on access to its emergency financing instruments (April 2020) and (ii) increases in the annual limits on access to financing from both its general and",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The Fund introduced two main sets of temporary adjustments to its lending frameworks in the early months of the pandemic:\n  - (i) increases in the limits on access to its emergency financing instruments (April 2020)\n  - (ii) increases in the annual limits on access to financing from both its general and concessional financing facilities (July 2020)"
    },
    {
      "heading": "Policy adjustments and scope",
      "content": "- Emergency financing instruments: limits on access were increased in April 2020.\n- Annual access limits: increases applied to both general and concessional financing facilities in July 2020.\n- Subject areas covered (as listed): Concessional external borrowing, COVID-19, Credit, Debt sustainability, Emergency assistance, External debt, Foreign aid, Health, Monetary policy, Money, Political economy\n- Keywords (as listed): C. staff proposal, Concessional external borrowing, COVID-19, Credit, Debt sustainability, Emergency assistance, emergency financing instrument, fund arrangement, Low income countries, RCF request\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2021/03/25/temporary-extensions-and-modifications-of-access-limits-in-the-funds-lending-facilities-50309"
    }
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    "Published: March 25, 2021",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9781513575032.007",
    "The Fund introduced two main sets of temporary adjustments to its lending frameworks in the early months of the pandemic:",
    "Emergency financing instruments: limits on access were increased in April 2020.",
    "Annual access limits: increases applied to both general and concessional financing facilities in July 2020.",
    "Subject areas covered (as listed): Concessional external borrowing, COVID-19, Credit, Debt sustainability, Emergency assistance, External debt, Foreign aid, Health, Monetary policy, Money, Political economy",
    "Keywords (as listed): C. staff proposal, Concessional external borrowing, COVID-19, Credit, Debt sustainability, Emergency assistance, emergency financing instrument, fund arrangement, Low income countries, RCF request",
    "**Policy Paper**"
  ],
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