IMF Adds Liquidity Line to Strengthen COVID-19 Response

April 15, 2020

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement:

 

“Today, our Executive Board approved the establishment of the Short-term Liquidity Line (SLL) to further strengthen the global financial safety net as part of the Fund’s COVID-19 response. The facility is a revolving and renewable backstop for member countries with very strong policies and fundamentals in need of short-term moderate balance of payments support. In these cases, the Short-term Liquidity Line will provide revolving access of up to 145 percent of quota.

 

“The Short-term Liquidity Line will strengthen further a country’s liquidity buffers and thus help in managing liquidity pressures. Complementing other instruments during the current crisis, the facility will fill a critical gap in the Fund’s toolkit and help to facilitate a more efficient allocation of resources.”


IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: Olga Stankova

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson