Poverty Reduction and Growth Trust—Review of Interest Rate Structure

Poverty Reduction and Growth Trust—Review of Interest Rate Structure—Postponement

June 14, 2023

Summary

This paper proposes to postpone the next review of the PRGT interest rate structure to end-July 2025, given the desirability to consider all policies regarding low-income country facilities—including those related to PRGT interest rates—at once in the context of 2024/25 Review of the Fund’s Concessional Facilities and Financing. As a result of this postponement, the interest rates on all PRGT credit would be kept at zero until the completion of the next review.

Subject: Credit, Financial services, Monetary policy, Money, Political economy, Poverty, Poverty reduction strategy, SDR interest rate

Keywords: 2024/25 Comprehensive PRGT Review, Concessional Financing, Credit, Global, Interest Rate Structure, Low-Income Countries, mechanism of the PRGT, Postponement, Poverty Reduction and Growth Trust, Poverty reduction strategy, PRGT, PRGT interest rate mechanism, PRGT interest rate structure, PRGT interest rates, SDR interest rate, transparency policy

Pages:
5
Volume:
2023
DOI:
https://doi.org/10.5089/9798400244926.007
Issue:
024
Series:
Policy Paper No. 2023/024
Stock No:
PPEA2023024
ISBN:
9798400244926
ISSN:
2663-3493

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