Policy Safeguards For Countries Seeking Access To Fund Financial Support That Would Lead To High Levels Of Combined GRA-PRGT Exposure
September 18, 2020
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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).
Subject: Credit, Debt sustainability, Debt sustainability analysis, External debt, Money, Poverty, Poverty reduction and development, Poverty reduction strategy, Public debt
Keywords: Combined GRA-PRGT Exposure, Credit, Debt sustainability, Debt sustainability analysis, financing, financing request, HCC threshold, HCC Thresholds, policy safeguard, Poverty reduction strategy, PP, PRGT resource, PRGT-eligible country
Pages:
29
Volume:
2020
DOI:
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Issue:
039
Series:
Policy Paper No. 2020/039
Stock No:
PPEA2020039
ISBN:
9781513557274
ISSN:
2663-3493
