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 b...

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Détails bibliographiques
Collectivité auteur: International Monetary Fund
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2006.
Collection:Policy Papers; Policy Paper ; No. 2006/002
Accès en ligne:Full text available on IMF
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245 1 0 |a Guidance Note on the Exogenous Shocks Facility. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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. 
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830 0 |a Policy Papers; Policy Paper ;  |v No. 2006/002 
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