Update on the Financing of the Fund’s Concessional Assistance and Debt Relief to Low-Income Member Countries
April 3, 2013
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Format: Chicago
Summary
Section II provides an overview of the Fund’s concessional lending instruments and the associated financing framework as well as the developments since the October 2012 Update. Section III reviews the sources of financing for PRGT operations and discusses developments in the PRGT framework. Section IV reviews the use of PRGT resources and assesses the Trust’s self-sustained capacity in light of the demand projections. Section V provides updates on the subsidization of emergency assistance, while Section VI presents the developments on the financing of debt relief under the HIPC, MDRI, and PCDR Trust. The paper concludes with a proposed decision completing the financing reviews of the PRG-HIPC and MDRI Trusts.
Subject: Concessional aid, Debt relief, Executive Board decisions, Fund general resources, Lapse of time approval, Low-income developing countries, Poverty Reduction and Growth Trust, Subsidy accounts
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