Eligibility to Use the Fund’s Facilities for Concessional Financing - Decisions

Policy Papers, January 1, 2010

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Canonical URL: Eligibility to Use the Fund’s Facilities for Concessional Financing - Decisions

Proposes a framework for updating the PRGT eligibility list based on transparent criteria and a regular review process.
Recommends including policies for phasing in changes in eligibility.
Premise: access to scarce resources for concessional Fund financing should be preserved for members with a low level of income and related economic and financial vulnerabilities.
Notes potential anomalies in the current eligibility list, which was established primarily on the basis of IDA eligibility and was last reviewed in 2003.

The current PRGT eligibility list has several potential anomalies relative to the premise of targeting low-income and vulnerability.
The existing list’s basis is primarily IDA eligibility.
The eligibility list has not been reviewed since 2003.

Establish transparent criteria for eligibility for concessional financing under the PRGT.
Implement a regular review process for the eligibility list.
Design and apply policies for phasing in changes in eligibility to manage transitions.

Publication date: January 1, 2010
Subjects: Access to Fund general resources; Concessional aid; Conditionality; Cross country analysis; Executive Board decisions; Fund facilities; IDA; Low-income developing countries; Poverty Reduction and Growth Facility Trust

Source: Eligibility to Use the Fund’s Facilities for Concessional Financing - Decisions (January 1, 2010).

Executive Summary — Proposed PRGT Eligibility Framework
- Executive Summary — Proposed PRGT Eligibility Framework (Markdown version)
- Executive Summary — Proposed PRGT Eligibility Framework (PDF)