{
  "title": "Eligibility to Use the Fund's Facilities for Concessional Financing, 2015",
  "publication": "Policy Papers, June 24, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/eligibility-to-use-the-fund-s-facilities-for-concessional-financing-2015-pp4974",
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  "summary": "The review of PRGT eligibility continues to be guided by the principles of maintaining a transparent, rules-based, and parsimonious framework—ensuring uniformity of treatment across members in similar situations while taking appropriate account of country-specific circumstances.",
  "sections": [
    {
      "heading": "Principles guiding the review",
      "content": "- Maintain a transparent, rules-based, and parsimonious framework—ensuring uniformity of treatment across members in similar situations while taking appropriate account of country-specific circumstances.\n- Graduation policy seeks to maintain broad alignment with the World Bank’s IDA graduation practices.\n- Ensure consistency with the principle of ensuring the self-sustainability of the PRGT’s lending capacity over time."
    },
    {
      "heading": "Summary conclusions",
      "content": "- The paper concludes that the existing framework remains broadly appropriate.\n- Identified enhancements focus on data sources and sharper specification of vulnerability criteria."
    },
    {
      "heading": "Recommended enhancements and analytical refinements",
      "content": "- Make use of additional data sources, namely the IMF BEL database, in assessing that a country has durable and substantial market access, supplementing reliance on the World Bank’s IDS database that is produced with a significant lag.\n- Sharpen the specification of circumstances under which the presence of serious short-term vulnerabilities would justify non-graduation of a country that meets the income graduation criterion.\n  - This sharpening would entail limiting the application of the serious short-term vulnerabilities criterion for countries that exceed the applicable income graduation threshold by 50 percent or more."
    },
    {
      "heading": "Publication metadata and subjects (as presented)",
      "content": "- Date: June 24, 2015\n- Subjects: Access to capital markets; Concessional aid; Executive Board decisions; Fund facilities; Poverty Reduction and Growth Trust; Use of Fund resources\n\nEligibility to Use the Fund's Facilities for Concessional Financing, 2015\n\n---\n\n Content in this bundle\n\n- 062415\n  - 062415 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 062415 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/eligibility-to-use-the-fund-s-facilities-for-concessional-financing-2015-pp4974"
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    "Published: June 24, 2015",
    "Series: Policy Papers",
    "Maintain a transparent, rules-based, and parsimonious framework—ensuring uniformity of treatment across members in similar situations while taking appropriate account of country-specific circumstances.",
    "Graduation policy seeks to maintain broad alignment with the World Bank’s IDA graduation practices.",
    "Ensure consistency with the principle of ensuring the self-sustainability of the PRGT’s lending capacity over time.",
    "The paper concludes that the existing framework remains broadly appropriate.",
    "Identified enhancements focus on data sources and sharper specification of vulnerability criteria.",
    "Make use of additional data sources, namely the IMF BEL database, in assessing that a country has durable and substantial market access, supplementing reliance on the World Bank’s IDS database that is produced with a significant lag.",
    "Sharpen the specification of circumstances under which the presence of serious short-term vulnerabilities would justify non-graduation of a country that meets the income graduation criterion.",
    "Date: June 24, 2015",
    "Subjects: Access to capital markets; Concessional aid; Executive Board decisions; Fund facilities; Poverty Reduction and Growth Trust; Use of Fund resources",
    "**_062415**"
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