Extended Fund Facility definition
Examples of Extended Fund Facility in a sentence
This was the first of three Stand By Arrangements (SBAs) and three Extended Fund Facility (EFF) Arrangements Jordan made with the IMF, which facilitated six debt-rescheduling agreements with the Paris Club - a group of officials from major creditor countries who negotiate debt treatments usually by rescheduling the payments debtor countries owe – between 1989 and 2004.
As part of fiscal consolidation program, adopted measures aim to improve Jordan’s fiscal situation in the medium – term through commitments to remove exemptions on the general sales tax, income tax, and custom duties in line with the International Monetary Fund (IMF) Extended Arrangement under the Extended Fund Facility (EFF).
The Loan shall be made available in three Instalments; The Loan is granted in conjunction with assistance from the International Monetary Fund of SDR 129.4 million under a three-year Extended Credit Facility and Extended Fund Facility.
The IMF’s Extended Fund Facility (EFF), which has been approved, is designed to bring the country’s ratio of public debt to GDP below 71% by 2020.
PFMA will provide technical assistance to the GoJ to be compliant with IMF agreements; it will play an important role in assisting the GoJ in implementing reforms required to meet the IMF’s Extended Fund Facility (EFF) program conditionalities and benchmarks.
In a letter of intention approved on March 11, 2019, titled “IMF Executive Board Concludes First Review of the Extended Arrangement Under the Extended Fund Facility for Ecuador, Approves US$251.14 Million Disbursement,” a crucial context for the unrest is formed.