## The Extended Fund Facility (EFF)

## Source details

**Canonical URL:** [The Extended Fund Facility (EFF)](https://www.imf.org/en/about/factsheets/sheets/2023/extended-fund-facility-eff)

## Other formats

- [Markdown version](/en/about/factsheets/sheets/2023/extended-fund-facility-eff/index.md)
- [Structured JSON version](/en/about/factsheets/sheets/2023/extended-fund-facility-eff/index.json)
- [Bundle manifest](/en/about/factsheets/sheets/2023/extended-fund-facility-eff/bundle-manifest.json)

## Bibliographic details
- Published: March 17, 2023

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### Purpose
- Provides financial assistance to countries facing serious medium-term balance of payments problems because of structural weaknesses that require time to address.
- Offers longer program engagement and a longer repayment period to help countries implement medium-term structural reforms.
- Supports comprehensive programs with a focus on policies needed to correct structural imbalances over an extended period.

### Eligibility
- (No eligibility details specified in the supplied content.)

### Conditionality and Disbursements
- Disbursements conditional on the observance of quantitative performance criteria.
- Progress in implementing structural measures that are critical to achieving the objectives of the program is assessed in a holistic way, including via benchmarks.

### Review modalities
- (No review modality details specified in the supplied content.)

### Terms, Fees, and Repayment
- Resources are subject to a commitment fee levied at the beginning of each 12-month period on amounts that could be drawn in the period:
  - 15 basis points for committed amounts up to 200 percent of quota,
  - 30 basis points on committed amounts above 200 percent and up to 600 percent of quota,
  - 60 basis points on amounts exceeding 600 percent of quota.
- Fees are refunded pro rata if amounts are drawn during the course of the relevant period. If a country borrows the entire amount, the fee is fully refunded.
- A service charge of 50 basis points is applied on each amount drawn.
- EFFs generally are not formulated on a precautionary basis in anticipation of a future balance of payments problem.

---

## Content in this bundle

- **The Extended Fund Facility**
  - [The Extended Fund Facility (Markdown version)](/-/media/files/factsheets/english/2023the-extended-fund-facility-eff.pdf.md){rel="alternate" type="text/markdown"}
  - [The Extended Fund Facility (PDF)](/-/media/files/factsheets/english/2023the-extended-fund-facility-eff.pdf){rel="external" type="application/pdf"}
- **The Extended Fund Facility**
  - [The Extended Fund Facility (Markdown version)](/-/media/files/factsheets/english/2025/the-extended-fund-facility-eff2025-final.pdf.md){rel="alternate" type="text/markdown"}
  - [The Extended Fund Facility (PDF)](/-/media/files/factsheets/english/2025/the-extended-fund-facility-eff2025-final.pdf){rel="external" type="application/pdf"}

---

## References

- [IMF lending](https://www.imf.org/en/About/Factsheets/IMF-Lending)
- [Extended Credit Facility (ECF)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/21/04/Extended-Credit-Facility)
- [Flexible Credit Line (FCL)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/20/40/Flexible-Credit-Line)
- [Precautionary and Liquidity Line (PLL)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/20/45/Precautionary-and-Liquidity-Line)
- [Rapid Credit Facility (RCF)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/21/08/Rapid-Credit-Facility)
- [Rapid Financing Instrument (RFI)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/19/55/Rapid-Financing-Instrument)
- [Resilience and Sustainability Facility (RSF)](https://www.imf.org/en/About/Factsheets/Sheets/2022/resilience-and-sustainability-facility-rsf)
- [Short-term Liquidity Line (SLL)](https://www.imf.org/en/About/Factsheets/Sheets/2020/04/17/short-term-liquidity-line)
- [Stand-By Arrangement (SBA)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/20/33/Stand-By-Arrangement)
- [Stand-by Credit Facility (SCF)](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/21/10/Standby-Credit-Facility)
- [conditionality](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/21/28/IMF-Conditionality)
- [IMF’s Executive Board](https://www.imf.org/en/About/executive-board/eds-voting-power)
- [Special Drawing Rights (SDR)](https://www.imf.org/en/About/Factsheets/Sheets/2023/special-drawing-rights-sdr)
- [quota](https://www.imf.org/en/About/Factsheets/Sheets/2022/IMF-Quotas)

_Source: https://www.imf.org/en/about/factsheets/sheets/2023/extended-fund-facility-eff_