Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
April 30, 2012
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Summary
Additional pledges of SDR 1 billion in loan resources are still required to secure the targeted loan resources approved under the 2009 financing package. Fourteen members have so far pledged SDR 9.8 billion in new loan resources for the PRGT compared with the target of SDR 10.8 billion. New borrowing agreements totaling SDR 9.5 billion have been signed with thirteen lenders.
Subject: Concessional aid, Debt relief, Emergency assistance, Executive Board decisions, HIPC Initiative, Lapse of time approval, Liberia, Low-income developing countries, Poverty Reduction and Growth Trust
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