Policy Papers

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2002

August 9, 2002

Twelfth General Review of Quotas - Further Considerations

Description: This paper responds to the request by Directors for a further quantification of factors that could be used to inform judgments regarding the adequacy of Fund resources and the possible need for a quota increase.

July 29, 2002

Access Policy in Capital Account Crises

Description: The Fund’s decisions to lend to member countries in amounts well above the access limits for Mexico (1995), and since then, have raised important questions about the role of the Fund in crisis resolution and the appropriate size of Fund access in capital account crises. This paper reviews past experience in exceptional access cases and considers strengthened conditions, procedures and safeguards for guiding decisions on Fund programs in these exceptional circumstances where Fund financing above normal access limits may be appropriate.

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