2023 Handbook of IMF Facilities for Low-Income Countries

April 21, 2023

Preview Citation

Format: Chicago

2023 Handbook of IMF Facilities for Low-Income Countries, (USA: International Monetary Fund, 2023) accessed November 8, 2024

Summary

This Handbook provides guidance to staff on the IMF’s concessional financial facilities and non-financial instruments for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in December 2017 (IMF, 2017e) by incorporating modifications resulting from the 2018–19 Review of Facilities for Low-Income Countries and Review of the Financing of the Fund’s Concessional Assistance and Debt Relief to Low-Income Member Countries (IMF, 2019a, b), approved by the Board in May 2019; the reforms introduced in 2021 on the basis of the Board paper Fund Concessional Financial Support for Low-Income Countries—Responding to the Pandemic (IMF, 2021a), approved in July 2021; and a number of other recent Board papers. Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the primary legal authority on the matters covered in the Handbook.

Subject: Balance of payments, External debt, Monetary policy, Political economy, Poverty

Keywords: Arrears, Balance of payments need, Debt sustainability, Debt sustainability analysis, ECF arrangement, Extended Credit Facility, Financial support, Financing request, Global, IMF Concessional Lending Facilities, IMF facility, Low income countries, Policy Support Instrument, Poverty Reduction and Growth Trust, Poverty reduction strategy, Rapid Credit Facility, SCF arrangement, Standby Credit Facility

Publication Details

Pages:

190
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2023/020
Stock No:

PPEA2023020
ISBN:

9798400242427
ISSN:

2663-3493

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