Q. Flexible Credit Line (FCL) is related to which of the following organizations?
Answer: International Monetary Fund (IMF)
Notes: Flexible Credit Line (FCL) is a lending scheme of the International Monetary Fund (IMF). The FCL was created in 2009 after the 2007 Financial Crisis. It was designed to meet the demand for crisis prevention and crisis mitigation lending for countries with strong policy frameworks and track records in economic performance. The FCL is useful for both crisis prevention and crisis resolution.
The FCL is a precautionary credit line that lasts one or two years. The repayment period is the same as for the Stand by Arrangement (SBA). Only Mexico, Colombia, and Poland have subscribed to the FCL.
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