Guidance Note on the Exogenous Shocks Facility

Publication Date:

January 27, 2006

Electronic Access:

Free Full Text (PDF file size is 386 KB).Use the free Adobe Acrobat Reader to view this PDF file


The ESF, established within the Poverty Reduction and Growth Facility and Exogenous Shocks Facility (PRGF-ESF) Trust, complements existing Fund instruments for providing timely support, including financing at more appropriate terms, to low-income members that are facing sudden and exogenous shocks but do not have a PRGF arrangement in place. In particular, the ESF: (i) facilitates quick access to more concessional financing than the Fund’s Emergency Assistance and the Compensatory Financing Facility (CFF);1 (ii) helps members design and implement a policy framework adequate for adjustment to shocks while ensuring adequate safeguards for the use of the Trust resources; and (iii) plays a catalytic role for further and more concessional donor financing.


Policy Papers



Publication Date:

January 27, 2006





Please address any questions about this title to