Precautionary and Liquidity Line : Operational Guidance Note.

This note provides general guidance on the use of the Precautionary and Liquidity Line (PLL). After an overview of the instrument, explaining its specific nature, the operational issues are grouped into five areas: an outline of the process and specific steps that need to be followed if a member exp...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2015.
Serie:Policy Papers; Policy Paper ; No. 2015/009
Accesso online:Full text available on IMF
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520 3 |a This note provides general guidance on the use of the Precautionary and Liquidity Line (PLL). After an overview of the instrument, explaining its specific nature, the operational issues are grouped into five areas: an outline of the process and specific steps that need to be followed if a member expresses interest in an arrangement; guidance on access, phasing, and purchases; guidance on determining qualification of a member and appropriate ex-post conditionality; and a guide to the semi-annual review process. 
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