## The Resilience and Sustainability Facility (RSF)

## Source details

**Canonical URL:** [The Resilience and Sustainability Facility (RSF)](https://www.imf.org/-/media/files/factsheets/english/2025/the-resilience-and-sustainability-facility-rsf2025final.pdf)

## Other formats

- [Markdown version](/-/media/files/factsheets/english/2025/the-resilience-and-sustainability-facility-rsf2025final.pdf.md)
- [Structured JSON version](/-/media/files/factsheets/english/2025/the-resilience-and-sustainability-facility-rsf2025final.pdf.json)

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### Purpose
- Strengthen macroeconomic resilience and sustainability by:
  - supporting policy reforms that reduce macro-critical balance of payments risks associated with climate change and pandemic preparedness, and
  - augmenting policy space and financial buffers to mitigate the risks arising from such longer-term structural challenges.

### Eligibility and qualification
- Eligible groups:
  - All PRGT-eligible low-income countries.
  - Small states (population under 1.5 million) with per capita GNI below 25 times the 2021 IDA operational cutoff.
  - All middle-income countries with per capita GNI below 10 times the 2021 IDA operational cutoff.
- Requirements for eligible low- and middle-income countries requesting RSF access:
  - A package of high-quality policy reforms addressing the long-term macro-critical structural challenges of climate change or pandemic preparedness.
  - A concurrent IMF-supported program supporting upper credit tranche quality policies (UCT program). It can be a financing or non-financing program and must be under one of the following arrangements: SBA, EFF, PLL, FCL, SCF, ECF, PCI or PSI.
    - Emergency financing facilities (RFI, RCF), SMP, or SLL do not qualify.
    - There should be at least 18 months remaining in the accompanying UCT program.
  - Sustainable debt and adequate capacity to repay.

### Conditionality and review modalities
- Conditionality:
  - Linked to reform progress.
  - Each reform measure is connected to one RSF disbursement.
  - A reform measure can be a single policy action or a set of very closely related actions constituting a single reform.
  - Where a measure includes multiple actions, all must be fully implemented to unlock the associated disbursement.
- Review modalities:
  - Reviews will take place concurrently with the UCT program review (except when the UCT program is an FCL) once the expected date of completion of a reform measure and the associated disbursement availability date has passed.

### Terms
- Duration:
  - Expected to coincide with the remaining duration of the accompanying UCT program.
  - Minimum duration is 18 months.
  - Expires when all amounts available are disbursed.
  - Automatically ends upon the termination, cancellation, or expiry of the concurrent IMF-supported program.
- Repayment:
  - 20-year maturity and a 10 ½-year grace period during which no principal is repaid.
- Interest rate:
  - Borrowers pay an affordable interest rate with a modest margin over the three-month SDR rate.
  - Tiered interest structure differentiating financing terms across country groups, with low-income members benefiting from more concessional terms:
    - Group A (PRGT-eligible countries that are not presumed blenders): 55 basis point margin + no service charges, capped at 2.25 percent.
    - Group B (presumed blenders and non-PRGT eligible small states with per capita GNI below 10 times the IDA operational cutoff): 75 basis point margin + 25 basis point service charges.
    - Group C (all other RST-eligible countries): 95 basis point margin + 50 basis point service charges.
- Access:
  - Overall cumulative access cap set at 150 percent of quota or SDR 1 billion, whichever is smaller.
  - Starting point of access determination is a norm of 75 percent of quota.

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_Source: https://www.imf.org/-/media/files/factsheets/english/2025/the-resilience-and-sustainability-facility-rsf2025final.pdf_