Resilience and Sustainability Facility—Updated Operational Guidance Note

Policy Papers, March 18, 2025

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Resilience and Sustainability Facility—Updated Operational Guidance Note

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Bibliographic details

• Published: March 18, 2025
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9798229003902.007

Summary and purpose

• Provides general guidance on Resilience and Sustainability Facility (RSF) operations, including for arrangement requests and reviews.
• The RSF provides longer-term, affordable financing to members to help them address risks to prospective BOP stability stemming from longer-term macro critical structural challenges from climate change and pandemic preparedness.
• The note has benefited from early experience gained during the operationalization of the RSF; the outcome of the May 2024 RST Interim Review; the launch of the Enhanced Cooperation Framework for Scaled Up Climate Action with the World Bank; and the approval of Broad Cooperation Principles on Pandemic Preparedness in RSF operations with the World Bank and the World Health Organization.

Major themes and operational focus

• RSF operations and design:
  • Guidance on RSF arrangement requests and review procedures.
  • RSF financing presentation and RSF reform measure matrix.
  • RSF engagement timeline and RSF arrangement features.
• Cross-institutional cooperation:
  • Enhanced Cooperation Framework for Scaled Up Climate Action with the World Bank.
  • Broad Cooperation Principles on Pandemic Preparedness with the World Bank and the World Health Organization.
• Risk focus:
  • Addressing prospective risks to Balance of Payment (BOP) stability from long-term macro critical structural challenges, specifically climate change and pandemic preparedness.

Subject areas and keywords

• Subject: Climate change, Climate finance, Climate policy, COVID-19, Debt sustainability, Environment, External debt, Health
• Keywords: Climate change, Climate finance, Climate policy, Conditionality, COVID-19, Debt sustainability, Enhanced IMF, Global, IMF-World Bank Group collaboration framework, Long-term challenges, pandemic preparedness, Prospective risks to Balance of Payment stability, RSF arrangement, RSF design, RSF engagement timeline, RSF financing presentation, RSF reform measure matrix

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