Poverty Reduction and Growth Trust Interest Rate Mechanism - Extension of Temporary Interest Rate Waiver
Policy Papers, December 14, 2012
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- Poverty Reduction and Growth Trust Interest Rate Mechanism - Extension of Temporary Interest Rate Waiver
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Bibliographic details
- Published: December 14, 2012
- Series: Policy Papers
Summary and Proposal
- Publication date: December 14, 2012
- Proposal: further extension of the temporary exceptional interest waiver on concessional lending by two years, to end-2014.
- Proposal: further extend to April 2013 the existing subsidization of the rate of charge on outstanding Emergency Natural Disaster Assistance and Emergency Post-Conflict Assistance purchases by PRGT-eligible members.
Rationale and Context
- Rationale: An extension would send a signal of the Fund’s continued support for Low-Income Countries at a time when the global economic crisis is still ongoing.
- Risk considerations: Related downside risks to the global economic recovery and a decline in the ability of Low-Income Countries to respond to a further weakening of global growth support the case for an extension.
Subjects and Policy Areas Covered
- Concessional aid
- Executive Board decisions
- Interest rate structures
- Lapse of time approval
- Low-income developing countries
- Poverty Reduction and Growth Trust
Source: Poverty Reduction and Growth Trust Interest Rate Mechanism - Extension of Temporary Interest Rate Waiver, December 14, 2012
Content in this bundle
- PRGT Interest Rate Mechanism—Extension of Temporary Interest Rate Waiver