Catastrophe Containment and Relief Trust—Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic
Policy Papers, October 5, 2020
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- Catastrophe Containment and Relief Trust—Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic
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Bibliographic details
- Published: October 5, 2020
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781513558691.007
Proposed action and scope
- Proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief.
- Coverage: to 28 of the 29 members.
- Coverage period: October 14, 2020 through April 13, 2021.
- Staff assessment: sufficient financial resources are available for the proposed disbursement.
Purpose and content of the paper
- Provides brief updates for each beneficiary country on:
- policy responses to the pandemic; and
- staff’s assessment of these policies and the use of resources freed up by debt service relief.
- Provides an update on:
- the finances of the CCRT; and
- the fundraising efforts to secure adequate resources for grant assistance in the future.
Financial constraints and timelines
- Based on grant pledges to date, resources are not sufficient to extend CCRT relief beyond the proposed second sixth-month period.
Thematic focus areas
- Asset and liability management
- COVID-19
- Debt financing
- Debt relief
- Debt service
- External debt
- Health
Content in this bundle
- Policy Paper