Policy Papers

Temporary Modification to the Fund's Annual Access Limits

Publication Date:

July 22, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Policy Paper No. 2020/036

Subject:

Balance of payments Balance of payments need COVID-19 Credit Emergency assistance Foreign aid Health Money

Frequency:

occasional