The CMI swaps are mostly quite conditional – only a small portion of the money can be accessed without there being an IMF program in place in the borrowing country. That proportion is to be raised, but even then the bulk of the funds will still be conditional.
The overall size of the lines is being increased, and there is discussion about a collective activation arrangement, as opposed to the current one where the parties to each bilateral line presumably negotiate over activation. 1  Executives' Meeting of East Asia-Pacific Central Banks. 2/4  This is certainly a useful step towards financial co-operation, and has considerable symbolic value.