Policy Papers

Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries

October 4, 2012

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Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries , (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

New commitments under PRGT-supported programs are expected to increase to about SDR 2 billion in 2012, in part reflecting the large ECF commitment (SDR 0.6 billion) for Bangladesh approved in April. Commitments in the first eight months of 2012 amounted to SDR 1.4 billion and a further SDR 0.6 billion is expected to be committed by year end. This compares to total commitments of SDR 1.2 billion in each of 2010 and 2011. If all elements of the 2009 financing package are secured, the PRGT will have an annual average lending capacity of SDR 2.2 billion remaining under this package for the period 2013–14. Additional

Subject: Concessional aid, Debt relief, Emergency assistance, Executive Board decisions, Fund facilities, Heavily indebted poor countries, Lapse of time approval, Low-income developing countries, Overdue obligations, Poverty Reduction and Growth Trust, Resource mobilization, Use of Fund resources

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