{
  "title": "The Resilience and Sustainability Facility (RSF)",
  "sourceUrl": "https://www.imf.org/en/about/factsheets/sheets/2023/resilience-sustainability-facility-rsf",
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  "summary": "The Resilience and Sustainability Facility (RSF) provides affordable long-term financing to countries undertaking reforms to reduce risks to prospective balance of payments stability, including those related to climate change and pandemic preparedness.",
  "publishDate": "2023-03-17",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Resilience and Sustainability Facility (RSF) provides affordable longer-term financing to support low-income and vulnerable middle-income countries undertaking macro-critical reforms to reduce risks to prospective balance of payments (BoP) stability, including those related to climate change and pandemic preparedness.\n- The last update was in April 2025."
    },
    {
      "heading": "Purpose",
      "content": "- Provide affordable long-term financing to countries undertaking reforms to reduce risks to prospective balance of payments stability.\n- Support reforms addressing long-term macro-critical structural challenges of climate change or pandemic preparedness."
    },
    {
      "heading": "Eligibility",
      "content": "- Eligible low- and middle-income countries requesting access to the RSF need:\n  - A package of high-quality policy reforms addressing the long-term macro-critical structural challenges of climate change or pandemic preparedness.\n  - A concurrent IMF-supported program supporting upper credit tranche quality policies (UCT program). It can be financing or non-financing and must be under one of the following arrangements: SBA, EFF, PLL, FCL, SCF, ECF, PCI or PSI.\n  - Emergency financing facilities (RFI, RCF), SMP, or SLL do not qualify.\n  - There should be at least 18 months remaining in the accompanying UCT program.\n  - Sustainable debt and adequate capacity to repay."
    },
    {
      "heading": "Conditionality",
      "content": "- Conditionality is tied to the package of high-quality policy reforms and the concurrent IMF-supported UCT program (financing or non-financing) as specified under Eligibility."
    },
    {
      "heading": "Review modalities",
      "content": "- Review modalities are governed by the concurrent IMF-supported program and the RSF’s conditions linked to that program."
    },
    {
      "heading": "Terms",
      "content": "- The RSF expires when all amounts available are disbursed.\n- The RSF automatically ends upon the termination, cancellation, or expiry of the concurrent IMF-supported program."
    },
    {
      "heading": "Repayment",
      "content": "- Repayment terms are determined within the RSF framework and in the context of the accompanying IMF-supported program."
    },
    {
      "heading": "Interest rate",
      "content": "- Interest rate terms apply under the RSF framework."
    },
    {
      "heading": "Access",
      "content": "- Starting point of access determination is a norm of 75 percent of quota."
    }
  ],
  "bullets": [
    "The Resilience and Sustainability Facility (RSF) provides affordable longer-term financing to support low-income and vulnerable middle-income countries undertaking macro-critical reforms to reduce risks to prospective balance of payments (BoP) stability, including those related to climate change and pandemic preparedness.",
    "The last update was in April 2025.",
    "Provide affordable long-term financing to countries undertaking reforms to reduce risks to prospective balance of payments stability.",
    "Support reforms addressing long-term macro-critical structural challenges of climate change or pandemic preparedness.",
    "Eligible low- and middle-income countries requesting access to the RSF need:",
    "Conditionality is tied to the package of high-quality policy reforms and the concurrent IMF-supported UCT program (financing or non-financing) as specified under Eligibility.",
    "Review modalities are governed by the concurrent IMF-supported program and the RSF’s conditions linked to that program.",
    "The RSF expires when all amounts available are disbursed.",
    "The RSF automatically ends upon the termination, cancellation, or expiry of the concurrent IMF-supported program.",
    "Repayment terms are determined within the RSF framework and in the context of the accompanying IMF-supported program.",
    "Interest rate terms apply under the RSF framework.",
    "Starting point of access determination is a norm of 75 percent of quota.",
    "**The Resilience and Sustainability Facility**"
  ],
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