EXECUTIVE SUMMARY Grenada’s first arrangement under the Poverty Reduction and Growth Facility (PRGF) played an important role in bolstering the small island economy after it was buffeted by major adverse shocks. It catalyzed substantial donor aid in the wake of unprecedented damage from two...

On June 25, 2019, the IMF's Executive Board approved a further six-month extension of the period for members to consent to an increase in their quotas under the Fourteenth General Review of Quotas ('Fourteenth Review') through December 27, 2019. The deadline was due to expire on June 28, 2019....

On December 20, 2019, the IMF's Executive Board approved a further six-month extension of the period for members to consent to an increase in their quotas under the Fourteenth General Review of Quotas ('Fourteenth Review') through June 30, 2020. The deadline was due to expire on December 27,...

This paper presents a proposal for reforming the NAB with a doubling of the aggregate size of the NAB and amendments to the NAB Decision. The proposal contains the following key elements: doubling the aggregate size of NAB credit arrangements, through a doubling of all current NAB credit...

On January 16, 2020, the Executive Board adopted a Report to the Board of Governors proposing that the Board of Governors adopt a Resolution concluding the Fifteenth General Review of Quotas with no increase in quotas and providing guidance for the Sixteenth General Review of Quotas in line with...

On October 15, 2019, the Executive Board notified the Board of Governors that the conclusion of the Fifteenth Review was part of a package on Fund resources and governance reform on which discussions were still ongoing, and that it would report to the Board of Governors by November 2019 on the...

On December 20, 2019, the Executive Board notified the Board of Governors that it would not be able to report to the Board of Governors in time to facilitate a vote by the Board of Governors concluding the Fifteenth Review before the end of 2019, as previously envisaged, and that the Executive...

IMF Financial Operations 2016 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF's activities during the most...

IMF Financial Operations 2016 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and also provides background detail of the financial statements for the IMF's activities during the most...