Policy Papers

2025 Handbook of IMF Facilities for Low-Income Countries

April 23, 2025

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Format: Chicago

International Monetary Fund. Strategy, Policy, & Review Department, International Monetary Fund. Legal Dept., and International Monetary Fund. Finance Dept. "2025 Handbook of IMF Facilities for Low-Income Countries", Policy Papers 2025, 010 (2025), accessed May 17, 2025, https://doi.org/10.5089/9798229009317.007

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Summary

This Handbook provides guidance to staff on the IMF’s facilities available to countries eligible to obtain concessional financing from the Fund under the PRGT, namely low-income countries (LICs). It updates the previous version of the Handbook that was published in March 2023 by incorporating modifications resulting from the 2024 Review of the Poverty Reduction and Growth Trust (PRGT) Facilities and Financing and other recent policy papers. Designed as a comprehensive reference tool for program work in LICs, this 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 this Handbook.

Subject: Arrears, Balance of payments, Balance of payments need, Debt sustainability, Debt sustainability analysis, External debt, Poverty, Poverty reduction strategy

Keywords: Arrears, Balance of payments need, Debt sustainability, Debt sustainability analysis, E. financing terms, Extended Credit Facility arrangement, G. Policy objective, Global, IMF Concessional Lending Facilities, IMF facilities, IMF's transparency policy, Low-income countries, Poverty Reduction and Growth Trust, Poverty reduction strategy, PRGT Access, Rapid Credit Facility, SCF arrangement, Staff Monitored Program, Standby Credit Facility arrangement, Strengthened Policy

Publication Details

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