Review of the Flexible Credit Line and Precautionary Credit Line.
With the creation of the Flexible Credit Line (FCL) and Precautionary Credit Line (PCL), the Fund's GRA toolkit was overhauled to address gaps in the Fund's crisis prevention and resolution toolkit. The innovative and flexible nature of the new instruments was meant to reduce stigma from u...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Series: | Policy Papers; Policy Paper ;
No. 2011/003 |
| Online Access: | Full text available on IMF |