Catastrophe Containment and Relief Trust: Policy Proposals and Funding Strategy
Policy Papers, April 2, 2020
Source details
- Canonical URL
- Catastrophe Containment and Relief Trust: Policy Proposals and Funding Strategy
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Bibliographic details
- Published: April 2, 2020
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781513539454.007
Executive summary
- In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members.
- The CCRT enables the IMF to deliver grants for debt relief benefiting eligible low-income countries in the wake of catastrophic natural disasters and major, fast-spreading public health emergencies.
Key themes and policy focus
- Debt service relief mechanisms for eligible low-income countries.
- Use of trust resources (CCRT) to deliver grants for debt relief following:
- Catastrophic natural disasters.
- Major, fast-spreading public health emergencies (including COVID-19).
- Immediate enhancements adopted by the IMF Executive Board in direct response to COVID-19 to expand the CCRT’s operational role.
Subjects and topical coverage
- Asset and liability management
- Balance of payments
- Balance of payments need
- COVID-19
- Debt financing
- Debt relief
- Debt service
- External debt
- Health
Keywords (as provided)
- availability of resource
- Balance of payments need
- CC window
- COVID-19
- Debt financing
- Debt relief
- debt Relief Trust
- Debt service
- debt service relief
- Ebola crisis
- fund
- Global
- pandemic
- PP
- tranche
- Trust grant
- Trust's resource
Content in this bundle
- Policy Paper