EconPapers    
Economics at your fingertips  
 

Australia’s Financial Relationship with the International Monetary Fund

Emily Poole
Additional contact information
Emily Poole: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2012, 65-72

Abstract: The global financial crisis led to a significant increase in demand for actual and precautionary funding from the International Monetary Fund (IMF). As a result, the IMF expanded its available resources. Alongside many other countries, Australia has increased the amount it is willing to lend to the IMF to help the IMF fund its current and future commitments, although so far the IMF has only drawn on a small portion of the funding Australia has agreed to provide. These loans from Australia to the IMF are seen as having low risk, given the ‘safeguards’ the IMF has in place, and are treated accordingly as part of Australia’s official reserve assets.

Keywords: Australia; IMF; official reserve assets; foreign exchange reserves; quota; SDR; credit risk (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.rba.gov.au/publications/bulletin/2012/dec/pdf/bu-1212-8.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rba:rbabul:dec2012-08

Access Statistics for this article

RBA Bulletin (Print copy discontinued) is currently edited by Luci Ellis

More articles in RBA Bulletin (Print copy discontinued) from Reserve Bank of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Paula Drew (drewp@rba.gov.au).

 
Page updated 2024-12-28
Handle: RePEc:rba:rbabul:dec2012-08