Precautionary and Liquidity Line | PLL
SAINMHÍNIÚ IMF credit line to provide liquidity and emergency assistance, which can be used as a liquidity window allowing six-month arrangements to meet short-term balance of payments needs or under a 12 to 24-month arrangement TAGAIRT COM-EN based on:<BR>IMF Press Release No. 11/424: IMF Enhances Liquidity and Emergency Lending Windows, November 22, 2011, http://www.imf.org/external/np/sec/pr/2011/pr11424.htm [23.11.2011]
NÓTA Created in November 2011 to replace the Precautionary Credit Line (PCL) [ IATE:3528097 ]. Qualification criteria remain the same as under the PCL but a member can seek support when it has either a potential or actual balance of payments need at the time of approval of the arrangement (rather than only a potential need, as was required under the PCL).