Poverty Reduction and Growth Trust―2022: Borrowing Agreements With The Government of Canada As Represented By The Minister Of Finance, The Bank Of Italy, The Government Of Japan, And The Bank Of Spain
November 11, 2022
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This paper presents the first set of borrowing agreements that have been finalized as part of the loan mobilization round launched in July 2021 to cover the cost of pandemic-related lending and support the self-sustainability of the Poverty Reduction and Growth Trust (PRGT). All agreements presented use SDRs in the context of SDR channeling and together provide a total of SDR 2.85 billion in new PRGT loan resources for low-income countries (LICs).
Subject: Distressed assets, Financial institutions, Financial sector policy and analysis, Loans, Monetary policy, Political economy, Poverty, Poverty reduction strategy
Keywords: amended agreement, Distressed assets, Loans, Poverty reduction strategy, PRGT loan resource, PRGT reform, SDRS to an account, transparency policy
Pages:
17
Volume:
2022
DOI:
Issue:
051
Series:
Policy Paper No. 2022/051
Stock No:
PPEA2022051
ISBN:
9798400223020
ISSN:
2663-3493
