A New Architecture of Facilities for Low-Income Countries

Policy Papers, June 26, 2009

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A New Architecture of Facilities for Low-Income Countries

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Bibliographic details

• Published: June 26, 2009
• Series: Policy Papers
• Stock No: ISBN

Overview

• Publication date: June 26, 2009
• Core proposal: a new facilities architecture for Low-Income Countries (LICs) based on "Option 2" set out in the framework paper discussed by the Executive Board on March 20, 2009.
• Institutional vehicle: a unified facilities framework for LICs under a new Poverty Reduction and Growth Trust (PRGT).
• Supplement and Decision referenced: "Supplement" and "Decision" (links present on the source page).

Key proposal and design principles

• Unified framework:
  • Consolidates LIC facilities under the PRGT.
  • Aims to provide a coherent architecture tailored to LIC needs.
• Basis:
  • Follows "Option 2" from the March 20, 2009 Executive Board framework paper.
• Distinguishing criteria for facilities:
  • Primarily by the duration of the financing and adjustment needs.
  • Primarily by the conditionality standard.

Primary findings and implications

• The new architecture proposes:
  • A single, unified facilities framework for LICs administered through the PRGT.
  • Facility differentiation based on two primary dimensions: financing/adjustment duration and conditionality standards.
• Institutional implication:
  • Replaces or realigns existing LIC facilities into a coherent PRGT-centered architecture (as described in the proposal).

Administrative and publication metadata

• Document type: Policy Paper (web landing page)
• Series/Publication fields on page: Pages: ---, Volume: , DOI: , Issue: , Series: , Stock No: , ISBN: , ISSN:
• Subject tags listed on the page:
  • Access to Fund general resources
  • Concessional aid
  • Extended arrangements
  • Fund facilities
  • Fund policies
  • Low-income developing countries
  • Policy Support Instrument
  • Stand-by arrangements

International Monetary Fund — A New Architecture of Facilities for Low-Income Countries (page overview, June 26, 2009).

Content in this bundle

• A New Architecture of Facilities for Low-Income Countries; IMF Policy Paper; June 26, 2009
  • A New Architecture of Facilities for Low-Income Countries; IMF Policy Paper; June 26, 2009 (Markdown version)
  • A New Architecture of Facilities for Low-Income Countries; IMF Policy Paper; June 26, 2009 (PDF)