IMF temporarily increases members’ access limits for lending

RIYADH: In a bid to help members tide over the challenging economic environment, the Executive Board of the International Monetary Fund agreed to temporarily increase the limits on their annual and cumulative access to its resources in the General Resources Account.
While the annual limit in the GRA was raised from 145 percent to 200 percent of the member country’s quota, the cumulative limit was increased from 435 percent to 600 percent of quota for a period of 12 months, according to a statement.