The IMF's provision of insurance against balance of payments needs and how to improve it

Economic Memo - February 2021 - No. 1

Authors Ruhlmann, Klaus
Subject International Monetary Fund - IMF; Tasks of the IMF; Resources of the IMF; International cooperation; International Economy
Type Economic Memo
Year 2021
Published 3 February 2021
Abstract icon The memo summarizes the design and use of the IMF's precautionary facilities since their introduction and discusses lessons and potential reform options. In particular, the framework for these facilities should be adjusted to address prolonged use at high access levels.