Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a poverty-reducing pattern of growth in relative incomes. I...

This report summarizes the improved Intermediate Poverty Reduction Strategy Paper (PRSP) of Madagascar, and the new policy orientation of the government. This strategy is based on an objective analysis and precise criteria. It presents the general framework of intervention of the PRSP and an...

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...

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...

This paper proposes to postpone the deadline for the next interest rate review by six months in light of the timing of the second stage of the Low-Income Countries (LIC) Facilities Review, and to maintain the zero percent interest rates applicable to ECF, SCF and ESF balances for this period

This paper reviews the Poverty Reduction and Growth Trust (PRGT) interest rate structure for the period July 2019-June 2021. Since the interest rate mechanism was first established in 2009, no interest has been charged on PRGT credit. In line with the package of reforms proposed in the parallel...