01624cas a2200241 a 4500 AALejournalIMF010630 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451926767 0538-8759 BD-DhAAL BD-DhAAL International Monetary Fund. Compensatory Financing Facility. Washington, D.C. : International Monetary Fund, 1980. 1 online resource (92 pages) Pamphlet Series <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines compensatory financing facility in the IMF. Compensatory financing facilities are easy to administer and can give immediate relief to primary exporting countries when their export earnings fall. The IMF's compensatory financing facility was established in 1963, but only 57 drawings, totaling SDR 1.2 billion, were made during its first 13 years. A turning point was the liberalization of the facility in December 1975, which occurred when commodity prices were at their trough because of the severe recession in 1975. From January 1976 to March 1980, there were 107 drawings totaling SDR 4.0 billion under the facility. Mode of access: Internet Pamphlet Series Full text available on IMF http://elibrary.imf.org/view/books/054/14873-9781451926767-en/14873-9781451926767-en-book.xml IMF e-Library