Extended Fund Facility

Extended Fund Facility
   Assistance given to IMF member nations with economies suffering from serious balance of payments difficulties caused by structural imbalances in production, trade and prices. Or alternatively, to those countries whose economies are characterized by slow growth and an inherently weak balance of payments position. Drawings can be made over a period of three years under conditions similar to IMF standby drawings.
   ■ www.imf.org
   ► See also IMF.

Financial and business terms. 2012.

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