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Australia’s Financial Relationship with the International Monetary Fund

Author

Listed:
  • Emily Poole

    (Reserve Bank of Australia)

Abstract

The global financial crisis led to a significant increase in demand for actual and precautionary funding from the International Monetary Fund (IMF). As a result, the IMF expanded its available resources. Alongside many other countries, Australia has increased the amount it is willing to lend to the IMF to help the IMF fund its current and future commitments, although so far the IMF has only drawn on a small portion of the funding Australia has agreed to provide. These loans from Australia to the IMF are seen as having low risk, given the ‘safeguards’ the IMF has in place, and are treated accordingly as part of Australia’s official reserve assets.

Suggested Citation

  • Emily Poole, 2012. "Australia’s Financial Relationship with the International Monetary Fund," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 65-72, December.
    • Handle: RePEc:rba:rbabul:dec2012-08
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2012/dec/pdf/bu-1212-8.pdf
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    References listed on IDEAS

    as
    1. Christian Vallence, 2012. "Foreign Exchange Reserves and the Reserve Bank’s Balance Sheet," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 57-64, December.
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    Cited by:

    1. Christian Vallence, 2012. "Foreign Exchange Reserves and the Reserve Bank’s Balance Sheet," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 57-64, December.

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