Guidance Note on the Exogenous Shocks Facility
Policy Papers, January 27, 2006
Source details
- Canonical URL
- Guidance Note on the Exogenous Shocks Facility
Other formats
Bibliographic details
- Published: January 27, 2006
- Series: Policy Papers
Overview
- Publication date: January 27, 2006
- The Exogenous Shocks Facility (ESF) is established within the Poverty Reduction and Growth Facility and Exogenous Shocks Facility (PRGF-ESF) Trust.
- Purpose: to complement existing Fund instruments by providing timely support, including financing at more appropriate terms, to low-income members facing sudden and exogenous shocks who do not have a PRGF arrangement in place.
Key functions of the ESF
- Facilitates quick access to more concessional financing than the Fund’s Emergency Assistance and the Compensatory Financing Facility (CFF).
- Helps members design and implement a policy framework adequate for adjustment to shocks while ensuring adequate safeguards for the use of the Trust resources.
- Plays a catalytic role for further and more concessional donor financing.
Subject classification
- Exogenous Shocks Facility
- Poverty Reduction and Growth Facility Trust
Source: Guidance Note on the Exogenous Shocks Facility (January 27, 2006).
Content in this bundle
- Guidance Note on the Exogenous Shocks Facility; IMF; January 27, 2006