Flexible Credit Line and Short-Term Liquidity Line - Operational Guidance Note

International Monetary Fund

No 2025/013, IMF Policy Papers from International Monetary Fund

Abstract: This note provides operational guidance on the use of the Flexible Credit Line (FCL) and the Short-Term Liquidity Line (SLL). After an overview of each instrument, explaining its specific nature, the operational issues are grouped into five areas: an outline of the process and specific steps that need to be followed if a member expresses interest in an arrangement; guidance on the modalities of concurrent use of the two instruments; guidance on interaction with other instruments; guidance on determining qualification of a member; and a how-to guide for determining appropriate access levels. The note is an aid to the implementation of the policy and its underlying principles. If there is any instance in which a provision of the guidance note or its implementation conflicts with Board policy, Board policy prevails. It will be revised as needed, for example following relevant policy reviews.

Keywords: Flexible Credit Line; Short-term Liquidity Line; FCL; SLL; Precautionary Toolkit; IMF; Guidance Notes; SLL arrangement; transparency policy; I. FCL; SLL qualification assessment; FCL arrangement; Balance of payments need; Lines of credit; External audit; Anti-money laundering and combating the financing of terrorism (AML/CFT); Central bank balance sheet; Global (search for similar items in EconPapers)
Pages: 63
Date: 2025-04-30
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