A New Architecture of Facilities for Low-Income Countries

June 26, 2009

Summary

This paper proposes a new facilities architecture for Low-Income Countries. It is based on "Option 2" set out in the framework paper discussed by the Executive Board on March 20, 2009. The new architecture provides a unified facilities framework for LICs under a new Poverty Reduction and Growth Trust (PRGT). The facilities are distinguished primarily by the duration of the financing and adjustment needs and the conditionality standard.<br /><br /> <a href="/external/np/pp/eng/2009/072009.pdf">Supplement</a><br /><br /> <a href="/external/np/pp/eng/2009/072309.pdf">Decision</a>

Subject: Access to Fund general resources, Concessional aid, Extended arrangements, Fund facilities, Fund policies, Low-income developing countries, Policy Support Instrument, Stand-by arrangements

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