a. Flexible Credit Line, unlimited, but countries need to pre-qualify. So far Mexico, Poland, Colombia (just applied again to re-open) have used it.
Only one country has ever used it -- Morocco.
imf.org/en/Publication…
Looking forward to comments!
My key concern that many #EmergingMarkets and most FMs don't have reliable liquid CDS, especially in times of stress.
- allocation $100-$200bn.
- CDS spreads as criteria
- best borrowers 250 of quota
siepr.stanford.edu/research/publi…