Policy Papers

PP4463-Proposal-for-a-Post-Catastrophe-Debt-Relief-Trust-Fund

April 22, 2010

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PP4463-Proposal-for-a-Post-Catastrophe-Debt-Relief-Trust-Fund, (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

This paper proposes a new trust fund that would enable the IMF to join international debt relief efforts for Haiti and other low-income countries hit by similar catastrophic disasters. Following the devastation caused by the recent earthquake in Haiti, an international consensus emerged that creditors should consider full debt relief to support Haiti’s recovery. Haiti’s debt to the IMF stands at SDR 178 million.

Subject: Bilateral aid, Debt Relief, Emergency assistance, Emergency financing mechanism, External shocks, Fund facilities, Low income countries, Poverty Reduction and Growth Trust

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