{
  "title": "A New Architecture of Facilities for Low-Income Countries",
  "publication": "Policy Papers, June 26, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/a-new-architecture-of-facilities-for-low-income-countries-pp4363",
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  "summary": "This paper proposes a new facilities architecture for Low-Income Countries. It is based on \"Option 2\" set out in the framework paper discussed by the Executive Board on March 20, 2009.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Publication date: June 26, 2009\n- 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.\n- Institutional vehicle: a unified facilities framework for LICs under a new Poverty Reduction and Growth Trust (PRGT).\n- Supplement and Decision referenced: \"Supplement\" and \"Decision\" (links present on the source page)."
    },
    {
      "heading": "Key proposal and design principles",
      "content": "- Unified framework:\n  - Consolidates LIC facilities under the PRGT.\n  - Aims to provide a coherent architecture tailored to LIC needs.\n- Basis:\n  - Follows \"Option 2\" from the March 20, 2009 Executive Board framework paper.\n- Distinguishing criteria for facilities:\n  - Primarily by the duration of the financing and adjustment needs.\n  - Primarily by the conditionality standard."
    },
    {
      "heading": "Primary findings and implications",
      "content": "- The new architecture proposes:\n  - A single, unified facilities framework for LICs administered through the PRGT.\n  - Facility differentiation based on two primary dimensions: financing/adjustment duration and conditionality standards.\n- Institutional implication:\n  - Replaces or realigns existing LIC facilities into a coherent PRGT-centered architecture (as described in the proposal)."
    },
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      "heading": "Administrative and publication metadata",
      "content": "- Document type: Policy Paper (web landing page)\n- Series/Publication fields on page: Pages: ---, Volume: , DOI: , Issue: , Series: , Stock No: , ISBN: , ISSN:\n- Subject tags listed on the page:\n  - Access to Fund general resources\n  - Concessional aid\n  - Extended arrangements\n  - Fund facilities\n  - Fund policies\n  - Low-income developing countries\n  - Policy Support Instrument\n  - Stand-by arrangements\n\nInternational Monetary Fund — A New Architecture of Facilities for Low-Income Countries (page overview, June 26, 2009).\n\n---\n\n Content in this bundle\n\n- A New Architecture of Facilities for Low-Income Countries; IMF Policy Paper; June 26, 2009\n  - A New Architecture of Facilities for Low-Income Countries; IMF Policy Paper; June 26, 2009 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - A New Architecture of Facilities for Low-Income Countries; IMF Policy Paper; June 26, 2009 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/a-new-architecture-of-facilities-for-low-income-countries-pp4363"
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    "Published: June 26, 2009",
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    "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).",
    "Unified framework:",
    "Basis:",
    "Distinguishing criteria for facilities:",
    "The new architecture proposes:",
    "Institutional implication:",
    "Document type: Policy Paper (web landing page)",
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    "Subject tags listed on the page:",
    "**A New Architecture of Facilities for Low-Income Countries; IMF Policy Paper; June 26, 2009**"
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