2017 Handbook of IMF Facilities for Low-Income Countries

Source details

This Handbook provides guidance to staff on the financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund.
Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members.

Updates the previous version of the Handbook that was published in February 2016 (IMF, 2016d).
Incorporates modifications resulting from Board papers and related decisions since February 2016, including:
- Financing for Development—Enhancing the Financial Safety Net for Developing Countries—Further Considerations (IMF, 2016c)
- Review of Poverty Reduction and Growth Trust – Review of Interest Rate Structure (IMF, 2016b)
- Eligibility to Use the Fund’s Facilities for Concessional Financing (IMF, 2017a)
- Large Natural Disasters—Enhancing the Financial Safety Net for Developing Countries (IMF, 2017b)
- Adequacy of the Global Financial Safety Net – Proposal for a New Policy Coordination Instrument (IMF, 2017c)

As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the sole legal authority on the matters covered in the Handbook.

Publication title: 2017 Handbook of IMF Facilities for Low-Income Countries
Publication date: December 1, 2017
Format noted on page: Download PDF
Subjects listed: Extended Credit Facility, Fund facilities, Low income countries, Policy Support Instrument, Rapid Credit Facility, Standby Credit Facility
Keywords listed: Extended Credit Facility, IMF Facilities, Low-Income Countries, Policy Support Instrument, Rapid Credit Facility, Standby Credit Facility

2017 Handbook of IMF Facilities for Low-Income Countries (web landing page).