IMF expands access to disaster funds

Haiti earthquake
Haiti suffered a 7.2 scale earthquake in 2010. The country received IMF support in the aftermath
RIBI Image Library/Flickr

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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