{
  "title": "Poverty Reduction and Growth Trust - Review of Interest Rate Structure",
  "publication": "Policy Papers, November 19, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/poverty-reduction-and-growth-trust-review-of-interest-rate-structure-pp4953",
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  "summary": "This paper provides the basis for the second review of the interest rate structure approved under the 2009 reforms of the Fund’s concessional lending facilities.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Paper provides the basis for the second review of the interest rate structure approved under the 2009 reforms of the Fund’s concessional lending facilities.\n- Publication date: November 19, 2014."
    },
    {
      "heading": "Key findings",
      "content": "- Based on the application of the Poverty Reduction and Growth Trust (PRGT) interest rate mechanism, PRGT interest rates for 2015–16 would be:\n  - Extended Credit Facility (ECF): zero percent\n  - Rapid Credit Facility (RCF): zero percent\n  - Stand-by Credit Facility (SCF): 0.25 percent\n- The interest rate on remaining balances of the Exogenous Shock Facility (ESF) is not set by the PRGT interest mechanism and it would be 0.25 percent."
    },
    {
      "heading": "Policy implications and next review",
      "content": "- These rates reflect the outcome of applying the PRGT interest rate mechanism under the 2009 reforms of the Fund’s concessional lending facilities.\n- In accordance with the PRGT Instrument, the next review of PRGT interest rates will take place by December 31, 2016."
    },
    {
      "heading": "Subjects covered",
      "content": "- Concessional aid\n- Executive Board decisions\n- Extended Credit Facility\n- Interest rate structures\n- Interest rates on loans\n- Poverty Reduction and Growth Trust\n- Rapid Credit Facility\n- Standby Credit Facility\n\nSource: Poverty Reduction and Growth Trust - Review of Interest Rate Structure (November 19, 2014).\n\n---\n\n Content in this bundle\n\n- Poverty Reduction and Growth Trust—Review of Interest Rate Structure\n  - Poverty Reduction and Growth Trust—Review of Interest Rate Structure (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Poverty Reduction and Growth Trust—Review of Interest Rate Structure (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-pp4953"
    }
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    "Published: November 19, 2014",
    "Series: Policy Papers",
    "Paper provides the basis for the second review of the interest rate structure approved under the 2009 reforms of the Fund’s concessional lending facilities.",
    "Publication date: November 19, 2014.",
    "Based on the application of the Poverty Reduction and Growth Trust (PRGT) interest rate mechanism, PRGT interest rates for 2015–16 would be:",
    "The interest rate on remaining balances of the Exogenous Shock Facility (ESF) is not set by the PRGT interest mechanism and it would be 0.25 percent.",
    "These rates reflect the outcome of applying the PRGT interest rate mechanism under the 2009 reforms of the Fund’s concessional lending facilities.",
    "In accordance with the PRGT Instrument, the next review of PRGT interest rates will take place by December 31, 2016.",
    "Concessional aid",
    "Executive Board decisions",
    "Extended Credit Facility",
    "Interest rate structures",
    "Interest rates on loans",
    "Poverty Reduction and Growth Trust",
    "Rapid Credit Facility",
    "Standby Credit Facility",
    "**Poverty Reduction and Growth Trust—Review of Interest Rate Structure**"
  ],
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