Guidance Note on the Exogenous Shocks Facility
The ESF, established within the Poverty Reduction and Growth Facility and Exogenous Shocks Facility (PRGF-ESF) Trust, complements existing Fund instruments for providing timely support, including financing at more appropriate terms, to low-income members that are facing sudden and exogenous shocks but do not have a PRGF arrangement in place. In particular, the ESF: (i) facilitates quick access to more concessional financing than the Fund's Emergency Assistance and the Compensatory Financing Facility (CFF);1 (ii) helps members design and implement a policy framework adequate for adjustment to shocks while ensuring adequate safeguards for the use of the Trust resources; and (iii) plays a catalytic role for further and more concessional donor financing
Year of publication: |
2006
|
---|---|
Institutions: | International Monetary Fund |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Schock | Shock | Theorie | Theory |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Dynamic effects of persistent shocks
Alloza, Mario, (2019)
-
Dynamic effects of persistent shocks
Alloza, Mario, (2019)
-
Exchange rates and insulation in emerging markets
Eichengreen, Barry, (2020)
- More ...
Similar items by person