{"id":21940,"date":"2020-04-17T10:20:53","date_gmt":"2020-04-17T09:20:53","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=21940"},"modified":"2020-04-17T10:20:53","modified_gmt":"2020-04-17T09:20:53","slug":"imf-approves-short-term-liquidity-line-for-nations","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/imf-approves-short-term-liquidity-line-for-nations\/","title":{"rendered":"IMF approves Short-term liquidity line for nations"},"content":{"rendered":"\n<p><strong>By<\/strong>\u00a0<strong>Anthony Areh<\/strong><\/p>\n\n\n<p>In an effort to further strengthen the global financial safety net as part of the Fund\u2019s COVID-19 response, the International Monetary Fund (IMF) has approved the establishment of a Short-term Liquidity Line (SLL).<\/p>\n\n\n<p>Ms Kristalina Georgieva, Managing Director of the IMF, said this in a statement that the facility was a revolving and renewable backstop for member countries with very strong policies and fundamentals in need of short-term moderate balance of payments support.<\/p>\n\n\n<p>She said in these cases, the Short-term Liquidity Line would provide revolving access of up to 145 per cent of quota.<\/p>\n\n\n<p>\u201cThe Short-term Liquidity Line will strengthen further a country\u2019s liquidity buffers and thus help in managing liquidity pressures.<\/p>\n\n\n<p>\u201cComplementing other instruments during the current crisis, the facility will fill a critical gap in the Fund\u2019s toolkit and help to facilitate a more efficient allocation of resources.\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Anthony Areh In an effort to further strengthen the global financial safety net as part of the Fund\u2019s COVID-19 response, the International Monetary Fund (IMF) has approved the establishment of a Short-term Liquidity Line (SLL). Ms Kristalina Georgieva, Managing Director of the IMF, said this in a statement that the facility was a revolving and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[],"class_list":["post-21940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-money","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IMF approves Short-term liquidity line for nations - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/imf-approves-short-term-liquidity-line-for-nations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF approves Short-term liquidity line for nations - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By\u00a0Anthony Areh In an effort to further strengthen the global financial safety net as part of the Fund\u2019s COVID-19 response, the International Monetary Fund (IMF) has approved the establishment of a Short-term Liquidity Line (SLL). 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