2014 Handbook of IMF Facilities for Low-Income Countries
Policy Papers, August 28, 2014
Source details
- Canonical URL
- 2014 Handbook of IMF Facilities for Low-Income Countries
Other formats
Bibliographic details
- Published: August 28, 2014
- Series: Policy Papers
Overview
- Updated version of a similarly titled document issued in May 2012 (IMF, 2012c).
- Provides guidance to staff on the financial facilities for low-income countries (LICs) that became effective in January 2010: ECF, SCF, and RCF, and the PSI.
- Incorporates modifications resulting from the Review of Facilities for Low-Income Countries (IMF, 2012e and 2013d) and the Review of Eligibility to Use the Fund’s Facilities for Concessional Financing (IMF, 2013c).
- Designed as a comprehensive reference tool for program work on low-income countries and refers, in summary form, to a range of relevant policies that apply more generally to IMF members.
Key substantive points
- Facilities covered: Extended Credit Facility (ECF), Standby Credit Facility (SCF), Rapid Credit Facility (RCF), and the Policy Support Instrument (PSI).
- Review-based updates: The Handbook includes guidance modifications following two reviews:
- Review of Facilities for Low-Income Countries (IMF, 2012e and 2013d).
- Review of Eligibility to Use the Fund’s Facilities for Concessional Financing (IMF, 2013c).
- Legal authority: Relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments adopted by the Board, remain the sole legal authority on the matters covered in the Handbook.
Usage and audience
- Primary audience: IMF staff involved in program work on low-income countries.
- Purpose: Serve as a comprehensive reference tool on concessional financing facilities and related policy guidance.
Publication and access metadata
- Publication date on landing page: August 28, 2014.
- eLibrary offering referenced: over 25,000 IMF publications in multiple formats.
- Citation format shown: Chicago — "2014 Handbook of IMF Facilities for Low-Income Countries, (USA: International Monetary Fund, 0) accessed 9/18/2026".
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Subjects and topical tags
- Concessional aid
- Conditionality
- Extended Credit Facility
- Fund facilities
- HIPC Initiative
- Low-income developing countries
- Multilateral debt relief initiative
- Policy Support Instrument
- Publications
- Rapid Credit Facility
- Staff-monitored programs
- Standby Credit Facility
- Use of Fund resources
Source: 2014 Handbook of IMF Facilities for Low-Income Countries (IMF landing page).