Policy Papers

Poverty Reduction and Growth Trust—Review of Interest Rate Structure—Postponement

Publication Date:

June 14, 2023

Electronic Access:

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Summary:

This paper proposes to postpone the next review of the PRGT interest rate structure to end-July 2025, given the desirability to consider all policies regarding low-income country facilities—including those related to PRGT interest rates—at once in the context of 2024/25 Review of the Fund’s Concessional Facilities and Financing. As a result of this postponement, the interest rates on all PRGT credit would be kept at zero until the completion of the next review.

Series:

Policy Paper No. 2023/024

Subject:

Credit Financial services Monetary policy Money Political economy Poverty Poverty reduction strategy SDR interest rate

Frequency:

occasional