Policy Safeguards For Countries Seeking Access To Fund Financial Support That Would Lead To High Levels Of Combined GRA-PRGT Exposure.

This paper proposes safeguards broadly aligned with the GRA exceptional access policy that will apply in cases where combined GRA and PRGT credit exposure exceeds the GRA thresholds. The new safeguards would help to mitigate financial risks to the PRGT and the GRA, respectively, that arise from a me...

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Bibliographic Details
Corporate Author: International Monetary Fund. Strategy, Policy, and Review Department
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:Policy Papers; Policy Paper ; No. 2020/039
Online Access:Full text available on IMF
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245 1 0 |a Policy Safeguards For Countries Seeking Access To Fund Financial Support That Would Lead To High Levels Of Combined GRA-PRGT Exposure. 
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520 3 |a This paper proposes safeguards broadly aligned with the GRA exceptional access policy that will apply in cases where combined GRA and PRGT credit exposure exceeds the GRA thresholds. The new safeguards would help to mitigate financial risks to the PRGT and the GRA, respectively, that arise from a member having high levels of combined credit from these two sources of funding. The proposed policy builds on the current policies on safeguards to Fund resources (both the Fund's resources in the GRA and under the PRGT as Trustee, respectively). 
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