This paper provides background for initial considerations on the appropriate size of the Fund’s overall lending capacity over the medium term. The paper revie

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This paper is part of the workplan on the 15th General Review of Quotas (15th Review). The paper provides a two-pillar framework for assessing the adequacy of F

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As a follow-up to the Executive Board's May 2013 discussion, this paper considers a possible direction for reform of the Fund's lending framework in the context