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Emergency Liquidity Facility


MFIs that are interested in pre-qualifying for an emergency loan must allow ELF's staff members to evaluate their structures and financial situations. If the MFI is approved, it must then regularly send its financial statements to ELF for periodical monitoring. The MFIs that qualify are eligible for ELF's programs which include: liquidity to MFIs affected by an external shock, emergency loans are provided to MFIs that allow them to continue their financial activities without interruptions and to overcome liquidity difficulties that occur after disasters, and prevention activities and training in risk administration. Through non-reimbursable funds from the Technical Support Facility (TSF), ELF provided technical assistance aimed at strengthening the emergency prevention and mitigation practices of MFIs during its first four years of operation. ELF has already used all funds from the Technical Support Facility (TSF). During 2008 ELF's management worked in the TSF Replenishment, a first closing in the amount of US$278,700, including US$178,700 from MIF/IADB, US$75,000 from SEDF (Soros), and US$25,000 from Calmeadow took place on November 24, 2008.

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