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What is Precautionary and Liquidity Line (PLL)

Chapter 11
Handbook of Research on Global Institutional Roles for Inclusive Development
Is a form of lending to IMF member countries with sound economic performance. May be granted if the country does not meet the criteria for the provision of the FCL. Issued for a period from 6 months to 2 years. There are restrictions on the amount of funds provided: 1. For 6 months, an amount of no more than 250% of the quota is provided. In exceptional cases, it can be increased up to 500% of the quota. 2. A limit of 500% of the quota is set for 1-2 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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