Policy Papers

Policy Safeguards For Countries Seeking Access To Fund Financial Support That Would Lead To High Levels Of Combined GRA-PRGT Exposure

Publication Date:

September 18, 2020

Electronic Access:

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Summary:

This paper proposes safeguards broadly aligned with the GRA exceptional access policy that will apply in cases where combined GRA and PRGT credit exposure exceeds the GRA thresholds. The new safeguards would help to mitigate financial risks to the PRGT and the GRA, respectively, that arise from a member having high levels of combined credit from these two sources of funding. The proposed policy builds on the current policies on safeguards to Fund resources (both the Fund’s resources in the GRA and under the PRGT as Trustee, respectively).

Series:

Policy Paper No. 2020/039

Subject:

Credit Debt sustainability Debt sustainability analysis External debt Money Poverty Poverty reduction and development Poverty reduction strategy Public debt

Frequency:

occasional