Proposed Reforms to the Exogenous Shocks Facility

Date: July 25, 2008
Electronic Access: Full Text

Summary:The review of the ESF is being accelerated in light of experience and worsening global economic conditions, in particular the surge in food and fuel prices. Despite having become effective in 2006, the ESF has yet to be used. Recent discussions with creditors, donors, potential users, and outside observers have highlighted a number of ways to enhance its effectiveness.

Series : Policy Paper
Subject(s): Exogenous Shocks Facility | Use of Fund Resources | Conditionality | Poverty Reduction and Growth Facility | Financial crisis | External shocks | Fund facilities | Fund arrangements