Poverty Reduction And Growth Trust
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| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 4 |
| Release | : 2019-06-26 |
| Genre | : Business & Economics |
| ISBN | : 1498321364 |
Download Poverty Reduction and Growth Trust-Review of the Interest Rate Structure-Postponement Book in PDF, Epub and Kindle
This paper proposes to postpone the deadline for the next interest rate review by six months in light of the timing of the second stage of the Low-Income Countries (LIC) Facilities Review, and to maintain the zero percent interest rates applicable to ECF, SCF and ESF balances for this period.
| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 15 |
| Release | : 2019-06-26 |
| Genre | : Business & Economics |
| ISBN | : 1498321550 |
Download Poverty Reduction and Growth Trust-Review of Interest Rate Structure Book in PDF, Epub and Kindle
This paper reviews the Poverty Reduction and Growth Trust (PRGT) interest rate structure for the period July 2019–June 2021. Since the interest rate mechanism was first established in 2009, no interest has been charged on PRGT credit. In line with the package of reforms proposed in the parallel Review of LIC Facilities, this paper proposes to align interest rates on the SCF with those on the ECF. Based on the average SDR rate over the most recently observed 12-month period, the proposed revised interest rate mechanism would result in zero interest rates on both ECF and SCF credit for the period July 2019–June 2021.
| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 5 |
| Release | : 2023-06-14 |
| Genre | : Business & Economics |
| ISBN | : |
Download Poverty Reduction and Growth Trust—Review of Interest Rate Structure—Postponement Book in PDF, Epub and Kindle
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 Concessional Facilities and Financing. 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.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 12 |
| Release | : 2014-11-19 |
| Genre | : Business & Economics |
| ISBN | : 1498342531 |
Download Poverty Reduction and Growth Trust - Review of Interest Rate Structure Book in PDF, Epub and Kindle
This paper provides the basis for the second review of the interest rate structure approved under the 2009 reforms of the Fund’s concessional lending facilities. Based on the application of the Poverty Reduction and Growth Trust (PRGT) interest rate mechanism, PRGT interest rates for 2015–16 would be zero percent for both the Extended Credit Facility (ECF) and Rapid Credit Facility (RCF), and 0.25 percent for the Stand-by Credit Facility (SCF). The interest rate on remaining balances of the Exogenous Shock Facility (ESF) is not set by the PRGT interest mechanism and it would be 0.25 percent. In accordance with the PRGT Instrument, the next review of PRGT interest rates will take place by December 31, 2016.
| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 6 |
| Release | : 2018-02-09 |
| Genre | : Business & Economics |
| ISBN | : 1498307744 |
Download Modifying the Poverty Reduction and Growth Trust (PRGT) Cumulative Borrowing Limit Book in PDF, Epub and Kindle
An effort to mobilize SDR 11 billion in additional Poverty Reduction and Growth Trust (PRGT) loan resources is underway to sustain the Fund’s concessional lending operations over the medium term. SDR 9.4 billion in new loan resources have been secured to date and negotiations with remaining potential loan providers indicate that the target is likely to be exceeded by about SDR 1⁄2 to 1 billion. To accommodate the better-than-expected loan mobilization outcome, the PRGT’s cumulative borrowing limit of SDR 37 billion would need to be increased. PRGT creditors were consulted and supportive of a proposed increase in the borrowing limit, from SDR 37 billion to SDR 38 billion.
| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 6 |
| Release | : 2012-12-14 |
| Genre | : Business & Economics |
| ISBN | : 1498339573 |
Download Poverty Reduction and Growth Trust Interest Rate Mechanism - Extension of Temporary Interest Rate Waiver Book in PDF, Epub and Kindle
In recent months, a number of Directors have expressed support in the Executive Board for a further extension of the temporary exceptional interest waiver on concessional lending. An extension would send a signal of the Fund’s continued support for Low-Income Countries at a time when the global economic crisis is still ongoing. In view of the related downside risks to the global economic recovery and a decline in the ability of Low-Income Countries to respond to a further weakening of global growth, this paper proposes a further extension of the exceptional interest waiver by two years, to end-2014. This paper also proposes to further extend to April 2013 the existing subsidization of the rate of charge on outstanding Emergency Natural Disaster Assistance and Emergency Post-Conflict Assistance purchases by PRGT-eligible members.
| Author | : International Monetary Fund. Finance Department |
| Publisher | : |
| Total Pages | : 4 |
| Release | : 2019 |
| Genre | : |
| ISBN | : 9781498321464 |
Download Poverty Reduction and Growth Trust-Review of the Interest Rate Structure-Postponement Book in PDF, Epub and Kindle
This paper proposes to postpone the deadline for the next interest rate review by six months in light of the timing of the second stage of the Low-Income Countries (LIC) Facilities Review, and to maintain the zero percent interest rates applicable to ECF, SCF and ESF balances for this period.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 8 |
| Release | : 2011-03-05 |
| Genre | : Business & Economics |
| ISBN | : 1498338895 |
Download Poverty Reduction and Growth Trust - Borrowing Agreement with the Bank of Italy Book in PDF, Epub and Kindle
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.
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 25 |
| Release | : 2022-06-03 |
| Genre | : Business & Economics |
| ISBN | : |
Download Poverty Reduction and Growth Trust—Guidance Note on New Enhanced Safeguards for Debt Sustainability and Capacity to Repay Book in PDF, Epub and Kindle
Poverty Reduction and Growth Trust—Guidance Note on New Enhanced Safeguards for Debt Sustainability and Capacity to Repay
| Author | : International Monetary Fund. Finance Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 7 |
| Release | : 2012-03-12 |
| Genre | : Business & Economics |
| ISBN | : 1498339603 |
Download Poverty Reduction and Growth Trust - Borrowing Agreement with the National Bank of Belgium Book in PDF, Epub and Kindle
Effective November 12, 2012, the Fund, as Trustee of the Poverty Reduction and Growth Trust (PRGT), entered into a borrowing agreement (the “Agreement”) with the National Bank of Belgium, by which Belgium will provide new loan resources of up to SDR 350 million (see attachment). With this Agreement, the Fund has concluded fourteen new borrowing agreements providing total resources of SDR 9,811 million in the context of fundraising under the 2009 Low-Income Countries (LICs) financing package.
