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What is Extended Fund Facility (EFF)

Chapter 11
Handbook of Research on Global Institutional Roles for Inclusive Development
Was created to help countries overcome significant balance of payments problems. Fundamental economic reforms are required to solve the problems. The usual loan term is 3 years. The maximum loan term is 4 years. The maturity period is 4.5 - 10 years from the date of the actual provision of funds. Used since 1974.
Published in Chapter:
International Financial Organizations: Russian Experience of Cooperation for Three Decades
Elena Viktorovna Burdenko (Plekhanov Russian University of Economics, Russia)
Copyright: © 2022 |Pages: 22
DOI: 10.4018/978-1-6684-2448-3.ch011
Abstract
The chapter examines Russia's cooperation with international financial organizations for the period from 1992 to 2021. Attention is paid to cooperation programs with the International Monetary Fund and projects implemented jointly with the International Bank for Reconstruction and Development, the Multilateral Investment Guarantee Agency, and the International Finance Corporation. The participation of Russia in the projects of the International Development Association is shown. The chapter analyzes the problems of Russia's cooperation with “old” international organizations.
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