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06 Oct 2023
IMF Executive Board, Concludes Review of the Flexible Credit Line, the Short-Term Liquidity Line, and the Precautionary and Liquidity Line and Approves Proposed Reforms
On October 2, 2023, the Executive Board of the International Monetary Fund (IMF) completed the Review of the Flexible Credit Line (FCL), the Short-Term Liquidity Line (SLL), and the Precautionary and Liquidity Line (PLL). The Board endorsed staff proposals for reforms, with the aim of further strengthening the Global Financial Safety Net (GFSN) and ensuring that the IMF’s precautionary facilities toolkit remain fit for purpose as external risks become more prevalent, protracted and diverse.
