favorable terms of trade (tot) for many developing countries persisted for a longer than usual continuous periods of over five years compared to the past experiences when favorable tot tended to last less than two years.
2  BIS Review 61/2009  To mitigate the effects of the global economic and financial crisis on African economies, the total value of the facilities at the IMF (Exogenous Financing Facility), the World Bank’s Rapid Access Facility, the African Development Bank’s $ for both the emergency liquidity facility and the trade finance facility; and any new facilities from the bilateral donor community need to be increased (by the donors) adequately to offset the impact of both the current as well as future balance of payments deficits.