Poverty Reduction and Growth Trust―2022: Borrowing Agreements With The Government of Canada As Represented By The Minister Of Finance, The Bank Of Italy, The Government Of Japan, And The Bank Of Spain

November 11, 2022

Summary

This paper presents the first set of borrowing agreements that have been finalized as part of the loan mobilization round launched in July 2021 to cover the cost of pandemic-related lending and support the self-sustainability of the Poverty Reduction and Growth Trust (PRGT). All agreements presented use SDRs in the context of SDR channeling and together provide a total of SDR 2.85 billion in new PRGT loan resources for low-income countries (LICs).

Subject: Distressed assets, Financial institutions, Financial sector policy and analysis, Loans, Monetary policy, Political economy, Poverty, Poverty reduction strategy

Keywords: amended agreement, Distressed assets, Loans, Poverty reduction strategy, PRGT loan resource, PRGT reform, SDRS to an account, transparency policy

Pages:
17
Volume:
2022
DOI:
https://doi.org/10.5089/9798400223020.007
Issue:
051
Series:
Policy Paper No. 2022/051
Stock No:
PPEA2022051
ISBN:
9798400223020
ISSN:
2663-3493

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