Demand Projections for the Fund's Concessional Resources
Electronic Access:
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Summary:
Projections of demand for concessional loans under the Poverty Reduction and Growth Trust (PRGT) are subject to a high degree of uncertainty. The Fund’s financial support to low-income countries (LICs) is both cyclical and lumpy. Moreover, there are important structural changes underway that are likely to affect the frequency, nature, and size of Fund concessional lending. As a result, simple extrapolations from historical lending volumes are misleading. This paper reviews factors underlying historical lending trends and develops a methodology that can narrow down the range of possible longer-term demand scenarios.
Series:
Policy Papers
Subject:
Concessional aid Demand Extended Credit Facility Forward commitment capacity Fund facilities General Resources Account Low-income developing countries Policy Support Instrument Poverty Reduction and Growth Trust Resource mobilization Standby Credit Facility
English
Publication Date:
March 16, 2011
Format:
Paper
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