Cover Policy Papers
Temporary Modification to the Fund's Annual Access Limits
Author:
International Monetary Fund
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Series:
Policy Papers
Volume/Issue:
Volume 2020: Issue 036
Language:
English
Publication Date:
22 Jul 2020
DOI:
https://doi.org/10.5089/9781513550947.007
ISBN:
9781513550947
ISSN:
2663-3493
Pages:
28
Keywords:
PP; emergency financing instrument; financial support; financing; RFI purchase; IMF's executive board; Gra credit; risk management framework; application of the NAAL; Emergency assistance; Credit; Balance of payments need; Global; COVID-19
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The COVID-19 pandemic has caused a uniquely severe synchronized shock across the global economy, in turn leading numerous member countries to request substantial financial assistance from the Fund. The Executive Board responded to members’ needs by increasing the access limits under the Fund’s emergency financing instruments by 50 percent of quota for a period of 6 months (until October 5, 2020), subject to a possible extension by the Executive Board.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2020: Issue 036