Poverty Reduction and Growth Trust - Review of Interest Rate Structure
Policy Papers, November 23, 2011
Source details
- Canonical URL
- Poverty Reduction and Growth Trust - Review of Interest Rate Structure
Other formats
Bibliographic details
- Published: November 23, 2011
- Series: Policy Papers
- Stock No: ISBN
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.
- The mechanism 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.
- Publication date: November 23, 2011.
Interest rate mechanism and objectives
- Links PRGT interest rate structure to world interest rates.
- Enables differentiation of interest rates across PRGT facilities (implicit policy objective: tailor concessionality across instruments).
Review schedule and procedural detail
- Reviews are required every two years under the framework.
- The first scheduled review completion date was December 31, 2011.
Subject classifications (as listed)
- Concessional aid
- Executive Board decisions
- Extended Credit Facility
- Interest rate structures
- Interest rates on loans
- Lapse of time approval
- Poverty Reduction and Growth Trust
- Rapid Credit Facility
- Standby Credit Facility
Publication and access notes
- Listed under Policy Papers.
- eLibrary promotional note: "Our eLibrary offers over 25,000 IMF publications in multiple formats."
- Options shown on page: Download PDF; Share; Preview; Citation (Format: Chicago).
International Monetary Fund — Poverty Reduction and Growth Trust - Review of Interest Rate Structure (web landing page), November 23, 2011.
Content in this bundle
- _112311 - Section 1