Eligibility to Use the Fund's Facilities for Concessional Financing
Policy Papers, January 13, 2012
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Bibliographic details
- Published: January 13, 2012
- Series: Policy Papers
Summary
- Paper proposes to maintain the Poverty Reduction and Growth Trust (PRGT)-eligibility criteria established in early 2010.
- Premise: access to the Fund’s scarce concessional resources should be preserved for members with low income and related vulnerabilities.
- Aim: keep PRGT eligibility closely aligned with International Development Association (IDA) practices.
- Conclusion based on application of the PRGT-eligibility framework: no countries are proposed for entry or graduation at this time.
- Publication date: January 13, 2012.
Analysis and Findings
- Eligibility framework: maintains the criteria set in early 2010 and applies those criteria to current membership to assess updates to the eligibility list.
- Alignment objective: PRGT eligibility should remain closely aligned with IDA practices to ensure consistency across concessional financing frameworks.
- Resource allocation rationale: prioritization of scarce concessional resources for low-income members and those with related vulnerabilities.
Policy Recommendation
- Maintain existing PRGT-eligibility criteria established in early 2010.
- Do not add any countries to the PRGT eligibility list at this time.
- Do not graduate any countries from the PRGT eligibility list at this time.
Subject Areas Covered
- Access to foreign markets
- Access to Fund general resources
- Concessional aid
- Conditionality
- Cross country analysis
- Economic conditions
- Executive Board decisions
- Fund facilities
- Lapse of time approval
- Low-income developing countries
- National income
- Poverty Reduction and Growth Trust
Source: Eligibility to Use the Fund's Facilities for Concessional Financing (January 13, 2012).