Extended Fund Facility (EFF)

The Extended Fund Facility is lending facility of the Fund of the IMF and it was established in 1974 to help countries address medium- and longer-term balance of payments problems. The EFF is prescribed for a country who is suffering from balance of payment problem caused by structural weaknesses and who need fundamental economic reforms. The use of the facility has increased substantially in the recent crisis period.

December 4, 2017
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