Extended Fund Facility , EFF (Abkürzung)

The extended Fund facility provides for a maximum of a ten-year repayment period after borrowing.

Mr. Camdessus would incorporate it in longer range, growth-oriented structural-adjustment programs that he hopes to promote under an "extended fund facility," with loan terms up to 10 years.

Lima did manage to complete negotiations for an Extended Fund Facility with the IMF in June 1999, although it subsequently had to renegotiate the targets.

Talks with the I.M.F. on a $900 million extended fund facility and an additional $400 million contingency credit began in November but were broken off because of policy disagreements.

Colombia also entered into an agreement with the International Monetary Fund which provided a $2.7 billion guarantee (extended funds facility), while committing the government to budget discipline and structural reforms.

The International Monetary Fund (IMF) on Dec. 14 approved a credit under a three-year extended fund facility (EFF) to support the government's economic programme.

Though Egypt signed an Extended Fund Facility in 1978, the government's failure to adhere to IMF-imposed policy conditions resulted in only a small amount of funds being released.

Extended Fund facility This facility provides 20 per cent of credit and was established in 1974 to assist countries on a longer-term basis for supporting adjustment efforts through structural reform and appropriate macroeconomic policies.

In an interview with the Financial Times of Aug. 28 Singh confirmed that India would seek a further three-year loan from the IMF under its extended fund facility (EFF).

During his meeting with Japanese Foreign Minister Tsutomu Hata, he was assured that Japan would continue to support India if it decided to seek an extended funding facility from the IMF.

In August 1998, Indonesia and the IMF agreed on an Extended Fund Facility (EFF) under President B.J Habibie that included significant structural reform targets.

Burdened with a heavy foreign debt, Algiers concluded a one-year standby arrangement with the International Monetary Fund in April 1994 and the following year signed onto a three-year extended fund facility which ended 30 April 1998.

Venezuela also used its large and previously untapped reserves at the IMF in 1989, when the IMF disbursed the first installment of a threeyear Extended Fund Facility in the amount of US$4.8 billion.

In 1996, Ukraine decided to embark on a programme of stabilization and reform, in conjunction with the International Monetary Fund, for the period 1997 to 1998; as far as I recall, this programme was to be supported by an extended funding facility.

PRGF-eligible members with per-capita income above 75 percent of the cutoff for World Bank concessional lending, or members borrowing on commercial terms, may combine PRGF arrangements with lending from the IMF's non-concessional Extended Fund Facility.

The package comprised an SDR1,224 million extended fund facility (EFF) available over three years, with a further SDR442 million available through the IMF's compensatory and contingency financing facility (CCFF) should Poland's balance of payments position come under pressure.