Establishment of an Exogenous Shocks Facility Under the Poverty Reduction and Growth Facility Trust

Prepared by the Policy Development and Review and Finance Departments

October 4, 2005

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Contents

1. Introduction
2. Basic Structure of the Exogenous Shocks Facility
3. Staff Proposals for Modalities
   1. Qualifying Events
   2. Other Operational Modalities
   3. Relationship to the PRS Process
4. Estimated Demand for Shocks Financing
5. Financing Arrangements
6. Issues For Discussion