A New Architecture of Facilities for Low-Income Countries
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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.
Supplement
Decision
Series:
Policy Papers
Subject:
Access to Fund general resources Concessional aid Extended arrangements Fund facilities Fund policies Low-income developing countries Policy Support Instrument Stand-by arrangements
English
Publication Date:
June 26, 2009
Format:
Paper
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