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An effort to mobilize SDR 11 billion in additional Poverty Reduction and Growth Trust (PRGT) loan resources is underway to sustain the Fund's concessional lending operations over the medium term. SDR 9.4 billion in new loan resources have been secured to date and negotiations with remaining...
Persistent link: https://www.econbiz.de/10014408421
The Fund, as Trustee of the Poverty Reduction and Growth Trust (PRGT or Trust), has entered into a new borrowing agreement (the 'Agreement') with the Banque de France (hereafter France), effective on February 1, 2018. This new borrowing agreement with France provides new resources to the...
Persistent link: https://www.econbiz.de/10014408423
This paper presents Resilience and Sustainability (RST) contribution agreements finalized with four contributors between April 2023 and September 15, 2023. The concluded agreements provide for contributions in a total amount of about SDR 4.7 billion across the three RST accounts - the loan...
Persistent link: https://www.econbiz.de/10015058977
This paper provides an integrated perspective across the Trusts of the Fund. It is the first annual review that … trusts, including the Catastrophe Containment and Relief Trust (CCRT), with that of the Resilience and Sustainability Trust … identified strains on PRGT finances while minimizing negative effects for PRGT borrowers and preserving the confidence of PRGT …
Persistent link: https://www.econbiz.de/10015059482
This paper provides the first review of the adequacy of PRGT finances since the comprehensive reform of the Poverty Reduction and Growth Trust (PRGT) in July 2021. It describes the lending response to the unprecedented pandemic-related demand; updates the PRGT demand scenarios and the estimates...
Persistent link: https://www.econbiz.de/10015060475
The challenges from the pandemic, spillovers from geopolitical shocks, and long-standing structural problems pose an enormous impediment for balance of payments stability and resilient and sustainable growth, especially for low-income and vulnerable middle-income countries. The $650 billion SDR...
Persistent link: https://www.econbiz.de/10015060483
) and the debt relief trusts. Demand for PRGT loans continued to exceed earlier projections. Total PRGT credit outstanding …
Persistent link: https://www.econbiz.de/10015058486