{
  "title": "Poverty Reduction and Growth Trust—Review of Interest Rate Structure—Postponement",
  "publication": "Policy Papers, June 14, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2023/06/13/poverty-reduction-and-growth-trust-review-of-interest-rate-structure-postponement-534586",
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  "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 Concessi",
  "sections": [
    {
      "heading": "Decision and summary",
      "content": "- The paper proposes to postpone the next review of the PRGT interest rate structure to end-July 2025.\n- 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."
    },
    {
      "heading": "Rationale",
      "content": "- The postponement is proposed \"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.\""
    },
    {
      "heading": "Immediate policy implication",
      "content": "- Interest rates on all PRGT credit: kept at zero until completion of the next review (postponed to end-July 2025)."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Credit, Financial services, Monetary policy, Money, Political economy, Poverty, Poverty reduction strategy, SDR interest rate\n- 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\n\nInternational Monetary Fund. Finance Dept., and International Monetary Fund. Strategy, Policy, & Review Department \"Poverty Reduction and Growth Trust—Review of Interest Rate Structure—Postponement\", Policy Papers 2023, 024 (2023), accessed 9/11/2026, https://doi.org/10.5089/9798400244926.007\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2023/06/13/poverty-reduction-and-growth-trust-review-of-interest-rate-structure-postponement-534586"
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    "Published: June 14, 2023",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798400244926.007",
    "The paper proposes to postpone the next review of the PRGT interest rate structure to end-July 2025.",
    "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.",
    "The postponement is proposed \"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.\"",
    "Interest rates on all PRGT credit: kept at zero until completion of the next review (postponed to end-July 2025).",
    "Subjects: 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",
    "**Policy Paper**"
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