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What is Flexible Credit Line (FCL)

Chapter 11
Handbook of Research on Global Institutional Roles for Inclusive Development
Is a form of lending to IMF member countries with stable economies and good economic performance. If the economic indicators of the country meet the criteria of the IMF, then access to the financial resources of the IMF is granted immediately. The period of validity of the FCL is 1 or 2 years. The maturity period is 3.5-5 years.
Published in Chapter:
International Financial Organizations: Russian Experience of Cooperation for Three Decades
Elena Viktorovna Burdenko (Plekhanov Russian University of Economics, Russia)
Copyright: © 2022 |Pages: 22
DOI: 10.4018/978-1-6684-2448-3.ch011
Abstract
The chapter examines Russia's cooperation with international financial organizations for the period from 1992 to 2021. Attention is paid to cooperation programs with the International Monetary Fund and projects implemented jointly with the International Bank for Reconstruction and Development, the Multilateral Investment Guarantee Agency, and the International Finance Corporation. The participation of Russia in the projects of the International Development Association is shown. The chapter analyzes the problems of Russia's cooperation with “old” international organizations.
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