IMF Rapid Financing Instrument (RFI)
IMF Rapid Financing Instrument (RFI)
The Rapid Financing Instrument (RFI) provides rapid financial assistance to all member countries facing an urgent balance of payments need. The RFI was created as part of a broader reform to make the IMF’s financial support more flexible to address the diverse needs of member countries. The RFI has replaced the IMF’s emergency assistance policy and can be used in a wide range of circumstances.
Provided by
Coverage
various
Instrument type
Loan
Eligibility
Eligibility to these facilities requires countries to have strong macroeconomic fundamentals. However, when disasters are occurring so often and increasing in their intensity, many disaster-prone countries are unlikely to have strong macroeconomic fundamentals.
Intended for disaster response
Yes
Available to
Antigua and Barbuda, Bahamas, The, Bangladesh, Barbados, Belize, Botswana, Brunei Darussalam, Cameroon, Dominica, Fiji, Ghana, Grenada, Guyana, India, Jamaica, Kenya, Kingdom of eSwatini, Kiribati, Lesotho, Malaysia, Mauritius, Namibia, Nauru, Nigeria, Pakistan, Papua New Guinea, Saint Lucia, Samoa, Seychelles, Singapore, South Africa, Sri Lanka, St Kitts and Nevis, St Vincent and The Grenadines, Tonga, Trinidad and Tobago, Tuvalu, Vanuatu, and Zambia