Policy Papers

Guidelines for Investing PRG, RS, PRG-HIPC, and CCR Trusts’ Assets (the “Guidelines”), were adopted on April 13, 2022 in the context of the Board’s consideration of the Proposal to Establish a Resilience and Sustainability Trust (“RST”, see Attachment C) to establish the investment objectives and policies to guide the investment of investable assets of the RST, in addition to the PRG, PRG-HIPC, and CCR Trusts. These Guidelines were amended by the Executive Board on October 15, 2024 in the context of the Board’s consideration of the <a href="https://www.imf.org/en/Publications/Policy-Papers/Issues/2024/10/21/2024-Review-Of-The-Poverty-Reduction-And-Growth-Trust-Facilities-And-Financing-Reform-556512?cid=lk-com-imf.org-PPEA2025019">2024 Review of the Poverty Reduction and Growth Trust Facilities and Financing—Reform Proposals</a>. The amended Guidelines are included in this document and replace the Guidelines for Investing PRG, PRG-HIPC, and CCR Trust Assets which was adopted on April 13, 2022.