Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- The Fundís Financing RoleóReform Proposals on Liquidity and Emergency AssistanceóReview of Decisions on FCL Arrangements and PLL Arrangements

Prepared by the Legal Department of the IMF
As updated as of February 29, 2016

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ARTICLE V, SECTION 3(a), (b), AND (c)
Use of Fund Resources

THE FUND’S FINANCING ROLE—REFORM PROPOSALS ON LIQUIDITY AND EMERGENCY ASSISTANCE—REVIEW OF DECISIONS ON FCL ARRANGEMENTS AND PLL ARRANGEMENTS

  • 1. It is expected that the decision on Flexible Credit Line Arrangements, Decision No. 14283-(09/29), adopted March 24, 2009, as amended, will be reviewed by the Fund no later than three years after the date of the adoption of this Decision.

  • 2. It is expected that the decision on Precautionary and Liquidity Line Arrangements, Decision No. 15019-(11/112), adopted November 21, 2011, will be reviewed by the Fund no later than one year after the date of the adoption of this Decision.

  • 3. Notwithstanding Paragraphs 1 and 2 above, the decision on Flexible Credit Line Arrangements, Decision No. 14283-(09/29), adopted March 24, 2009, as amended, and the decision on Precautionary and Liquidity Line Arrangements, Decision No. 15019-(11/112), adopted November 21, 2011, will be reviewed jointly by the Fund whenever aggregate outstanding credit and commitments under these two Decisions reach SDR 150 billion. (SM/11/284, Sup. 3, 11/22/11)

Decision No. 15019-(11/112),

November 21, 2011

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