Poverty Reduction and Growth Trust - Borrowing Agreement with the Bank of Italy


Date: May 3, 2011
 
Electronic Access: Full Text

 
Summary:On April 18, 2011, the Fund, as Trustee of the Poverty Reduction and Growth Trust (PRGT), entered into a borrowing agreement (the “Agreement”) with the Bank of Italy, by which Italy will provide new loan resources of up to SDR 800 million (see attachment). With this Agreement, the Fund has concluded eleven new borrowing agreements providing total resources of SDR 8,461 million in the context of the current fund-raising effort, which supports the reform of the Fund’s lending facilities for low-income countries that became effective on January 7, 2010.

 
Series : Policy Paper
Subject(s): Borrowing agreements | Italy | Central banks | Poverty Reduction and Growth Trust | Borrowing by Fund | Borrowed resources use