IMF Resident Representative in Moldova Volodymyr Tulin says that .
The IMF has two facilities – the Rapid Credit Facility (RCF) created in 2009 and Rapid Financing Instrument (RFI) set up in 2011 – that provide emergency financial assistance to member countries without the need to have a full-fledged program in place. These loans can be disbursed very quickly to assist member countries implement policies to address emergencies such as the coronavirus.
Financing under the RCF, available to low income countries, carries a zero interest rate, has a grace period of 5½ years, and a final maturity of 10. Financial assistance provided under the RFI is subject to the same financing terms as the Stand-By Arrangement (interest rates are currently about 1½ percent), and should be repaid within 3¼ to 5 years.