Policy Papers

Update on the Financing of the Fund’s Concessional Assistance and Proposed Amendments to the PRGT Instrument

April 8, 2014

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Update on the Financing of the Fund’s Concessional Assistance and Proposed Amendments to the PRGT Instrument , (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

New commitments under PRGT-supported programs amounted to SDR 0.15 billion in 2013, while disbursements on existing arrangements amounted to about SDR 0.8 billion. However, this lower demand is expected to be temporary. New commitments are projected to rebound to about SDR 1.5 billion in 2014, similar to the level observed in 2012. These projections are subject to considerable uncertainty regarding progress on ongoing program negotiations.

Subject: Concessional aid, Debt relief, Emergency assistance, Executive Board decisions, Fund general resources, Fund reserves, Lapse of time approval, Poverty Reduction and Growth Trust, Subsidy accounts

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