Selected Decisions and Selected Documents of the IMF, Fortieth Issue -- Poverty Reduction and Growth Trust—Interest Rates for Loans Under the Extended Credit Facility and the Standby Credit Facility
Prepared by the Legal Department of the IMFAs updated as of April 30, 2019
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| ARTICLE V, SECTION 2(b) | ||||
| Technical and Financial Services | ||||
| Financial Services | ||||
| Poverty Reduction and Growth Trust | ||||
POVERTY REDUCTION AND GROWTH TRUST—INTEREST RATES FOR LOANS UNDER THE EXTENDED CREDIT FACILITY AND THE STANDBY CREDIT FACILITY In accordance with Section II, paragraph 4(b)(i) of the Instrument to Establish the Poverty Reduction and Growth Trust, annexed to Decision No. 8759-(87/176) ESAF, adopted December 18, 1987, as amended, the Fund, as the Trustee of the Poverty Reduction and Growth Trust (“Trust”), decides that, for the period from January 1, 2017 through December 31, 2018, the interest rate on the outstanding balance of Trust loans shall be charged at the rate of zero percent per annum for loans under the Extended Credit Facility and the Standby Credit Facility. (SM/16/246, 08/24/16) Decision No. 16060-(16/91), October 3, 2016 | ||||
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