Rapid Financing Instrument
Recently, the International Monetary Fund (IMF) has approved emergency funding of USD 206 million under its rapid finance instrument to help Sri Lanka address urgent needs arising from the catastrophic Cyclone Ditwah.
- Rapid Financing Instrument provides prompt financial assistance to any International Monetary Fund (IMF) member country facing an urgent balance of payments need.
- It is one of the facilities under the General Resources Account (GRA) that provide financial support to countries, including in times of crisis.
- Types of Rapid Financing Instrument:
- Regular Window: It is for urgent balance of payments needs caused by sources including domestic instability, exogenous shocks and ....
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