Policy Papers

Resilience and Sustainability Facility—Updated Operational Guidance Note

March 18, 2025

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International Monetary Fund. Strategy, Policy, & Review Department, International Monetary Fund. Finance Dept., and International Monetary Fund. Legal Dept. "Resilience and Sustainability Facility—Updated Operational Guidance Note", Policy Papers 2025, 004 (2025), accessed April 23, 2025, https://doi.org/10.5089/9798229003902.007

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Summary

This note provides general guidance on Resilience and Sustainability Facility (RSF) operations, including for arrangement requests and reviews. The RSF provides longer-term, affordable financing to members to help them address risks to prospective BOP stability stemming from longer-term macro critical structural challenges from climate change and pandemic preparedness. The note has benefited from early experience gained during the operationalization of the RSF; the outcome of the May 2024 RST Interim Review; the launch of the Enhanced Cooperation Framework for Scaled Up Climate Action with the World Bank; and the approval of Broad Cooperation Principles on Pandemic Preparedness in RSF operations with the World Bank and the World Health Organization.

Subject: Climate change, Climate finance, Climate policy, COVID-19, Debt sustainability, Environment, External debt, Health

Keywords: Climate change, Climate finance, Climate policy, Conditionality, COVID-19, Debt sustainability, Enhanced IMF, Global, IMF-World Bank Group collaboration framework, Long-term challenges, Pandemic preparedness, Prospective risks to Balance of Payment stability, RSF arrangement, RSF design, RSF engagement timeline, RSF financing presentation, RSF reform measure matrix

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