Targets and forms of support?
Essential that these resources can be used effectively and flexibly to support growth.
It is essential that these resources can be used effectively and flexibly to support growth. We welcome in this respect the progress made by the IMF with its new Flexible Credit Line (FCL) and its reformed lending and conditionality framework which will enable the IMF to ensure that its facilities address effectively the underlying causes of countries’ balance of payments financing needs, particularly the withdrawal of external capital flows to the banking and corporate sectors. We support Mexico’s decision to seek an FCL arrangement.
CONTEXT(Help)
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The G-20 London Summit 2009 »The G-20 London Summit 2009
G-20 Summit Communiqué »G-20 Summit Communiqué
Strengthening our global financial institutions »Strengthening our global financial institutions
$850 billion for emerging markets and developing countries »$850 billion for emerging markets and developing countries
Targets and forms of support?
Balance of Payments support »Balance of Payments support
Debt rollover »Debt rollover
Finance bank recapitalisation »Finance bank recapitalisation
Finance counter-cyclical spending »Finance counter-cyclical spending
Finance infrastructure »Finance infrastructure
Social support »Social support
Trade finance »Trade finance
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