{
  "title": "Poverty Reduction and Growth Trust - Review of Interest Rate Structure",
  "publication": "Policy Papers, November 23, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/poverty-reduction-and-growth-trust-review-of-interest-rate-structure-pp4620",
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  "summary": "This is the first review of the interest rate mechanism approved under the 2009 reforms of the Fund’s concessional lending facilities.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This is the first review of the interest rate mechanism approved under the 2009 reforms of the Fund’s concessional lending facilities.\n- The mechanism links the Poverty Reduction and Growth Trust (PRGT) interest rate structure to world interest rates.\n- The mechanism provides a setting to differentiate interest rates across the various PRGT facilities.\n- The framework requires reviews every two years, with the first such review to be completed by December 31, 2011.\n- Publication date: November 23, 2011."
    },
    {
      "heading": "Interest rate mechanism and objectives",
      "content": "- Links PRGT interest rate structure to world interest rates.\n- Enables differentiation of interest rates across PRGT facilities (implicit policy objective: tailor concessionality across instruments)."
    },
    {
      "heading": "Review schedule and procedural detail",
      "content": "- Reviews are required every two years under the framework.\n- The first scheduled review completion date was December 31, 2011."
    },
    {
      "heading": "Subject classifications (as listed)",
      "content": "- Concessional aid\n- Executive Board decisions\n- Extended Credit Facility\n- Interest rate structures\n- Interest rates on loans\n- Lapse of time approval\n- Poverty Reduction and Growth Trust\n- Rapid Credit Facility\n- Standby Credit Facility"
    },
    {
      "heading": "Publication and access notes",
      "content": "- Listed under Policy Papers.\n- eLibrary promotional note: \"Our eLibrary offers over 25,000 IMF publications in multiple formats.\"\n- Options shown on page: Download PDF; Share; Preview; Citation (Format: Chicago).\n\nInternational Monetary Fund — Poverty Reduction and Growth Trust - Review of Interest Rate Structure (web landing page), November 23, 2011.\n\n---\n\n Content in this bundle\n\n- 112311 - Section 1\n  - 112311 - Section 1 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 112311 - Section 1 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/poverty-reduction-and-growth-trust-review-of-interest-rate-structure-pp4620"
    }
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    "Published: November 23, 2011",
    "Series: Policy Papers",
    "Stock No: ISBN",
    "This is the first review of the interest rate mechanism approved under the 2009 reforms of the Fund’s concessional lending facilities.",
    "The mechanism links the Poverty Reduction and Growth Trust (PRGT) interest rate structure to world interest rates.",
    "The mechanism provides a setting to differentiate interest rates across the various PRGT facilities.",
    "The framework requires reviews every two years, with the first such review to be completed by December 31, 2011.",
    "Publication date: November 23, 2011.",
    "Links PRGT interest rate structure to world interest rates.",
    "Enables differentiation of interest rates across PRGT facilities (implicit policy objective: tailor concessionality across instruments).",
    "Reviews are required every two years under the framework.",
    "The first scheduled review completion date was December 31, 2011.",
    "Concessional aid",
    "Executive Board decisions",
    "Extended Credit Facility",
    "Interest rate structures",
    "Interest rates on loans",
    "Lapse of time approval",
    "Poverty Reduction and Growth Trust",
    "Rapid Credit Facility",
    "Standby Credit Facility",
    "Listed under Policy Papers.",
    "eLibrary promotional note: \"Our eLibrary offers over 25,000 IMF publications in multiple formats.\"",
    "Options shown on page: Download PDF; Share; Preview; Citation (Format: Chicago).",
    "**_112311 - Section 1**"
  ],
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