Catastrophe Containment and Relief Trust: Policy Proposals and Funding Strategy
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Summary:
In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to deliver grants for debt relief benefiting eligible low-income countries in the wake of catastrophic natural disasters and major, fast-spreading public health emergencies.
Series:
Policy Paper No. 2020/017
Subject:
Asset and liability management Balance of payments Balance of payments need COVID-19 Debt financing Debt relief Debt service External debt Health
English
Publication Date:
April 2, 2020
ISBN/ISSN:
9781513539454/2663-3493
Stock No:
PPEA2020017
Pages:
23
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