Policy Papers

Further Consideration of a New Liquidity Instrument for Market Access Countries - Design Issues

Publication Date:

February 13, 2007

Electronic Access:

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Summary:

This paper focuses on a specific set of issues -- qualification criteria, monitoring structure, access levels and terms, links to other Fund facilities, and links to the private sector. This paper is a complement and follow-up to an earlier paper, which itself considered the broader issues involved in creating a new instrument. The paper does not put forward a concrete proposal to Directors, but seeks to achieve a further convergence of views on these key issues.

Series:

Policy Papers

Subject:

Fund reserves Liquidity management