IMF designs new instrument amid rise of regional financing
“Policy co-ordination instrument” designed to allow the fund to offer more flexible technical support
The International Monetary Fund’s executive board has approved a new instrument designed to allow the fund to more flexibly support countries without establishing a full financing programme.
The new “policy co-ordination instrument” (PCI) will allow countries that are seeking to unlock financing from private and official donors, including regional financing arrangements, to tap into IMF expertise and monitoring, even where the IMF is not contributing its own resources.
The IMF executive board
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