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Introduction

Introduction »

Source: Compensatory Financing Facility

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 1980

ISBN: 9781451926767

Keywords: export earnings, balance of payments, export shortfalls, total export, merchandise exports

Considerable attention has been given to the problems arising from the instability of export earnings, especially those encountered by developing countries heavily dependent on the export of a few commoditie...

Main Features of the Facility

Main Features of the Facility »

Source: Compensatory Financing Facility

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 1980

ISBN: 9781451926767

Keywords: export earnings, balance of payments, export shortfalls, total export, merchandise exports

The compensatory financing facility was established by the International Monetary Fund to provide additional assistance to member countries experiencing balance of payments difficulties arising from export s...

Nature of Export Shortfalls

Nature of Export Shortfalls »

Source: Compensatory Financing Facility

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 1980

ISBN: 9781451926767

Keywords: export earnings, balance of payments, export shortfalls, total export, merchandise exports

The amount that a member can draw under the facility is based on the net shortfall in its total export earnings. In virtually all cases, this net shortfall is smaller than the gross shortfall (i.e., the sum...

Operation of Facility

Operation of Facility »

Source: Compensatory Financing Facility

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 1980

ISBN: 9781451926767

Keywords: export earnings, balance of payments, export shortfalls, total export, merchandise exports

The speed of operations has been a major concern in setting up and administering the compensatory financing facility. A Fund mission does not normally need to visit the country presenting a request, and tele...