The Extended Credit Facility (ECF)

Source details

The Extended Credit Facility (ECF) provides medium-term financial assistance to low-income countries (LICs) with protracted balance of payments problems.
The ECF is one of the facilities under the Poverty Reduction and Growth Trust (PRGT).
The last update was in April 2025.

Conditionality is focused on policy actions that are critical to achieving the program’s objectives.
Conditionality normally consists of:
- prior actions,
- quantitative conditions (performance criteria and indicative targets),
- structural benchmarks.
A Poverty Reduction and Growth Strategy (PRGS) should be issued to the IMF’s Executive Board for completion of the second and subsequent reviews.
- A PRGS describes macroeconomic, structural, and social policies that support growth and poverty reduction, associated external financing needs and major sources of financing.
- In cases where the country has limited institutional capacity that prevents meeting the PRGS requirements by the second ECF review, such as in cases of fragility, the country may request an extension.

Repayment: (No repayment schedule details provided in the source content.)
Interest rate: (No interest-rate details provided in the source content.)
Access: (No access-limit details provided in the source content.)
Following expiration, cancellation, or termination of an ECF arrangement, additional ECF arrangements may be approved.

The Extended Credit Facility
- The Extended Credit Facility (Markdown version)
- The Extended Credit Facility (PDF)