Public Information Notice: IMF Concludes Review of Access Policy in the Credit Tranches and the Extended Fund Facility, under the Poverty Reduction and Growth Facility, and Review of Exceptional Access Policy, May 4, 2005

Operational Guidance Note on Access Under the Poverty Reduction and Growth Facility, November 9, 2004

Public Information Notice: IMF Executive Board Concludes Review of Policy on Exceptional Access to Fund Resources, May 13, 2004

Public Information Notice: IMF Concludes Discussion on the Fund's Support of Low-Income Member Countries: Considerations on Instruments and Financing, April 15, 2004

Public Information Notice: IMF Concludes Discussion on Access Policy in the Context of Capital Account Crises; and Review of Access Policies in the Credit Tranches and the Extended Fund Facility, March 21, 2003

Access Policy in Capital Account Crises, July 29, 2002

Public Information Notice: IMF Concludes Discussions on Review of Access Policy in the Credit Tranches and Under the Extended Fund Facility, September 28, 2001

Review of Access Policy in the Credit Tranches and under the Extended Fund Facility - Background Paper, August 9, 2001

Review of Access Policy in the Credit Tranches, the Extended Fund Facility and the Poverty Reduction and Growth Facility, and Exceptional Access Policy
Prepared by the Policy Development and Review and Finance Departments
March 14, 2005

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Contents
  • Purposes of Access Policy

  • The Fund's Liquidity

  • The Economic Outlook and Risks
    A. Implications of a Financing Drought and Poor Economic Conditions
    B. Higher Oil Prices

  • IV. Recent Access Decisions

  • V. Exceptional Access

  • VI. Summary of Issues

Tables

  1. Financing Gaps Resulting From a Financing Drought and Deterioration of Economic Conditions
  2. Potential Financing Needs of Oil Importers Due to Higher World Oil Prices, 2005
  3. New Stand-By and Extended Arrangements Approved, 1995-2004
  4. Average Annual Access in Non-Exceptional GRA Arrangements
  5. Access Under PRGF Arrangements, 1998-2004

Charts

  1. Fund Liquidity, Forward Commitment Capacity
  2. Distribution of Average Annual Access in Stand-By and Extended Arrangements, during 2002-2004
  3. Average Annual Access in Stand-By and Extended Arrangements, Excluding Exceptional Arrangements, 1994-2004
  4. Average Annual Access in Non-Exceptional Stand-by and Extended Arrangements
  5. Fund Credit Outstanding

Box

1. Summary of Access Policies

Annex Tables

6. Access Under Fund Arrangements Approved During 2002-2004
7. Access Under PRGF Arrangements Approved During 2002-2004
8. Access Under Fund Arrangements By Year Of Approval, 1995-2004
9. Access Under Arrangements with Low-Income Members By Year Of Approval, 1995-2004
10. Exceptional Access Under Fund Arrangements, October 1994-Present