Precautionary and Liquidity Line - Operational Guidance Note

Author: International Monetary Fund

This note provides general guidance on the use of the Precautionary and Liquidity Line (PLL).

Volume/Issue: Volume 2015 Issue 009

Publication date:

ISBN:

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Finance , Economics- Macroeconomics , Public Finance , Business and Financial , PP , Fund , PLL qualification criteria , financing , policy , PLL arrangement , PLL decision , PLL request , PLL resource , Balance of payments need , Communications in revenue administration , Macro-fiscal framework , Liquidity , Global

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Summary

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.