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According to the IMF, the RFI provides rapid and low-access financial assistance to member countries facing an urgent need for a balance of payments.
11.05.20 | Interesting article at Ahram Online

The executive board of the International Monetary Fund (IMF) announced on Wednesday that it will convene on 11 May to discuss Egypt’s request to get a financial package under the Rapid Financing Instrument (RFI), according to the board’s calendar published on the IMF website.


 


According to the IMF, the RFI provides rapid and low-access financial assistance to member countries facing an urgent need for a balance of payments, without the need to have a full-fledged program in place.


It can provide support to meet a broad range of urgent needs, including those arising from commodity price shocks, natural disasters, conflict and post-conflict situations, and emergencies resulting from fragility.