Eligibility to Use the Fund's Facilities for Concessional Financing, 2020
Policy Papers, March 16, 2020
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- Canonical URL
- Eligibility to Use the Fund's Facilities for Concessional Financing, 2020
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Bibliographic details
- Published: March 16, 2020
- Series: Policy Papers
- Volume: 2020
- Issue: 0
- Pages: 49
- DOI: https://doi.org/10.5089/9781513537047.007
Summary
- This paper concludes that the existing framework remains broadly appropriate.
- Proposes methodological refinements to improve the assessment of market access.
- Clarifies how serious short-term vulnerabilities are assessed.
- Proposes a modest extension of the transition period before graduation decisions become effective.
- Publication date: March 16, 2020.
Key findings
- The existing PRGT eligibility framework is broadly appropriate.
- Identified need for methodological refinements to better assess market access.
- Clarification required on the assessment of serious short-term vulnerabilities.
- Recommendation to modestly extend the transition period before graduation decisions become effective.
Methodological refinements (market access)
- Improve assessment of market access through refined methodology.
- Strengthen indicators and analytical approaches used to evaluate a country's ability to access international capital markets.
Assessment of short-term vulnerabilities
- Clarify criteria and procedures for determining "serious short-term vulnerabilities."
- Ensure assessments capture risks relevant for eligibility to use concessional financing.
Transition period before graduation
- Proposes a modest extension of the transition period before graduation decisions become effective.
- Aim: provide additional time for countries approaching graduation to adjust and mitigate risks.
Subjects and keywords
- Subjects: Bonds, Debt sustainability, External debt, Financial institutions, Financial markets, International capital markets, Loans, National accounts, Personal income.
- Keywords: Bonds, Debt sustainability, director, eligibility criteria, Global, International capital markets, Loans, market, market access, Personal income, PP, PRGT eligibility, PRGT eligibility framework, PRGT lending, PRGT objective.
Content in this bundle
- Policy Paper