Proposal for a Food Shock Window Under the Rapid Financing Instrument and Rapid Credit Facility

Proposal for a Food Shock Window Under the Rapid Financing Instrument and Rapid Credit Facility
Author :
Publisher : International Monetary Fund
Total Pages : 21
Release :
ISBN-10 : 9798400221408
ISBN-13 :
Rating : 4/5 (08 Downloads)

Book Synopsis Proposal for a Food Shock Window Under the Rapid Financing Instrument and Rapid Credit Facility by : International Monetary

Download or read book Proposal for a Food Shock Window Under the Rapid Financing Instrument and Rapid Credit Facility written by International Monetary and published by International Monetary Fund. This book was released on 2022-10-05 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia’s war in Ukraine has exacerbated global economic pressures, including through a food shock. The war and food-related spillovers—higher import prices for food and fertilizer and disruptions in supply lines for food importers, and a loss of revenue for some food exporters—add to urgent balance-of-payments (BOP) needs of many Fund members. They have also exacerbated acute food insecurity, now affecting 345 million people. While the best response to address BOP pressures would generally involve an Upper Credit Tranche-quality program, such a program may not be feasible in some cases or necessary in others. This paper proposes a time-bound food shock window under the Rapid Financing Instrument (RFI) and the Rapid Credit Facility (RCF) to provide support to members in such situations. The new window would be temporary and provide low-access emergency financing that increases the amounts currently available under the RFI/RCF. Members would need to demonstrate urgent BOP needs and meet a set of qualification criteria related to the global food shock. The window would be available for 12 months from the date of Board approval of the window. Countries requesting financing under the window would also need to meet the standard qualification criteria under the RFI/RCF.


Proposal for a Food Shock Window Under the Rapid Financing Instrument and Rapid Credit Facility Related Books

Proposal for a Food Shock Window Under the Rapid Financing Instrument and Rapid Credit Facility
Language: en
Pages: 21
Authors: International Monetary
Categories: Business & Economics
Type: BOOK - Published: 2022-10-05 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Russia’s war in Ukraine has exacerbated global economic pressures, including through a food shock. The war and food-related spillovers—higher import prices
Review of Experience with The Food Shock Window Under The Rapid Financing Instrument and The Rapid Credit Facility
Language: en
Pages: 29
Authors: International Monetary Fund. Finance Dept.
Categories: Business & Economics
Type: BOOK - Published: 2023-06-30 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The Food Shock Window (FSW) under the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI) was approved in September 2022 for 12 months, as a co
Review of The Cumulative Access Limits Under The Rapid Financing Instrument and The Rapid Credit Facility
Language: en
Pages: 25
Authors: International Monetary Fund. Finance Dept.
Categories: Business & Economics
Type: BOOK - Published: 2023-06-30 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The IMF extended the temporarily higher Cumulative Access Limits under the Fund’s Emergency Financing instruments, the Rapid Credit Facility (RCF) under the G
Proposal for a Staff-Monitored Program with Executive Board Involvement
Language: en
Pages: 18
Authors: International Monetary
Categories: Business & Economics
Type: BOOK - Published: 2022-10-05 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper proposes an amendment to the policy on Staff-Monitored Programs (SMPs) that would allow for limited Executive Board involvement in opining on the rob
Selected Decisions and Selected Documents of the International Monetary Fund
Language: en
Pages: 1064
Authors: International Monetary Fund. Legal Dept.
Categories: Business & Economics
Type: BOOK - Published: 2024-03-12 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This volume is the Forty-Third Issue of Selected Decisions and Selected Documents of the International Monetary Fund. It includes decisions, interpretations, an