IMF expands access to disaster funds
Economies are offered more generous thresholds for funding in the face of severe natural disasters
The International Monetary Fund has eased the rules on emergency funding under its two disaster-relief funds, helping crisis-hit countries gain support more easily.
The IMF lowered the access conditions and increased the maximum borrowing limits on its rapid credit facility (RCF) and rapid financing instrument (RFI), for countries hit by natural disasters. The RCF is open only to low-income countries, while the RFI is open to all.
In a statement and policy paper published on May 15, the IMF
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