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On March 22, 2017, the Executive Board adopted the Guidelines for Investing PRG, PRG-HIPC, and CCR Trust Assets (the 'Guidelines') to establish the investment objectives and policies to guide the investment of assets of the PRG, PRG-HIPC, and CCR Trusts (the'Trusts') which are available for...
Persistent link: https://www.econbiz.de/10014408530
This paper reviews the interest rate structure that would apply to the PRGT in 2017-18. Based on the interest rate setting mechanism agreed in 2009, the interest rate for the Extended Credit Facility (ECF) would be zero and the rate for the Standby Credit Facility (SCF) would be 0.25 percent....
Persistent link: https://www.econbiz.de/10014408717
This is the first review of the interest rate mechanism approved under the 2009 reforms of the Fund's concessional lending facilities. The mechanism links the Poverty Reduction and Growth Trust (PRGT) interest rate structure to world interest rates and provides a setting to differentiate...
Persistent link: https://www.econbiz.de/10014410497
This paper provides the basis for the second review of the interest rate structure approved under the 2009 reforms of the Fund's concessional lending facilities. Based on the application of the Poverty Reduction and Growth Trust (PRGT) interest rate mechanism, PRGT interest rates for 2015-16...
Persistent link: https://www.econbiz.de/10014410524
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395953
Guidelines for Investing PRG, PRG-HIPC, and CCR Trust Assets (the "Guidelines"), which were adopted on March 22, 2017, were further amended on January 12, 2022, by the Executive Board of the IMF. The Guidelines establish the investment objectives and policies to guide the investment of assets of...
Persistent link: https://www.econbiz.de/10014410919
Spain (Spain), amendments to the 2010 NPA with the Government of Japan (Japan), and a new note purchase agreement (NPA) with … the People's Bank of China (China). The new borrowing agreement with Spain, the amendments to the NPA with Japan, and the … February 22, 2017, for Spain; April 20, 2017, for Japan; and April 21, 2017, for China. Pursuant to Section III, paragraph 2 of …
Persistent link: https://www.econbiz.de/10014408739
This 2001 Article IV Consultation highlights that the economy of Spain grew by more than 4 percent annually during 1997 …
Persistent link: https://www.econbiz.de/10014406337
Spain has achieved impressive growth in recent years—reflecting favorable competitiveness, and the impact on interest … rates and confidence of its successful road to monetary union. Despite several years of rapid growth, there are no …
Persistent link: https://www.econbiz.de/10014402845
Spain’s economy is facing severe challenges. Financial market tensions increased sharply in the wake of the Greek … crisis. Policy should focus on rebalancing of the economy and securing market confidence. Ambitious fiscal consolidation is …
Persistent link: https://www.econbiz.de/10014402943