Compensation and emergency loans (compensation &; Emergency facilities

, CCFF), originally refers to the CFF established in 1963. In 1989, the International Monetary Fund replaced CFF with CCFF. The purpose is that member countries can apply for this loan from the International Monetary Fund in addition to ordinary loans when their exports decline or their food import expenditures increase and their balance of payments is difficult.

The International Monetary Fund replaced CFF with CCFF. The maximum number of CCFF is meetings.

The share of member countries is 65,438+0.22%, of which 40% are emergency loans and compensation loans, 65,438+0.7% are grain import cost compensation loans, and the remaining 25% are randomly selected by the borrowing countries as a supplement to the above loans. The conditions for borrowing this loan are as follows: the decline in export income or the increase in food import expenditure should be temporary and caused by reasons beyond the control of member States; Borrowing countries are obliged to cooperate with the International Monetary Fund and take appropriate measures to solve their balance of payments difficulties. The loan term is 3-5 years.