Poverty Reduction and Growth Trust - Review of Interest Rate Structure

Date: November 23, 2011
Electronic Access: Full Text

Summary:This is the first review of the interest rate mechanism approved under the 2009 reforms of the Fund’s concessional lending facilities. The mechanism links the Poverty Reduction and Growth Trust (PRGT) interest rate structure to world interest rates and provides a setting to differentiate interest rates across the various PRGT facilities. The framework requires reviews every two years, with the first such review to be completed by December 31, 2011.

Series : Policy Paper
Subject(s): Interest rate structures | Poverty Reduction and Growth Trust | Interest rates on loans | Extended Credit Facility | Rapid Credit Facility | Standby Credit Facility | Concessional aid | Executive Board decisions | Lapse of time approval