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The Fund’s Lending Facilities: Reforming the Compensatory Financing Facility and the Extended Fund Facility

In: International Financial Policy and Economic Development

Author

Listed:
  • Graham Bird

    (University of Surrey)

Abstract

Whereas the previous chapter concentrated on the nature of IMF ‘high’ conditionality, this chapter examines the appropriate combination of high and low conditionality. Its principal function, however, is to look at some of the lending facilities of the Fund in a little more depth and to evaluate policies for reform. In particular, the chapter investigates the Compensatory Financing Facility and the Extended Fund Facility, although certain remarks are made concerning other Fund facilities.

Suggested Citation

  • Graham Bird, 1987. "The Fund’s Lending Facilities: Reforming the Compensatory Financing Facility and the Extended Fund Facility," Palgrave Macmillan Books, in: International Financial Policy and Economic Development, chapter 5, pages 93-107, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-08579-8_5
    DOI: 10.1007/978-1-349-08579-8_5
    as

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