Catastrophe Containment and Relief Trust: Policy Proposals and Funding Strategy

April 2, 2020

Summary

In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to deliver grants for debt relief benefiting eligible low-income countries in the wake of catastrophic natural disasters and major, fast-spreading public health emergencies.

Subject: Asset and liability management, Balance of payments, Balance of payments need, COVID-19, Debt financing, Debt relief, Debt service, External debt, Health

Keywords: availability of resource, Balance of payments need, CC window, COVID-19, Debt financing, Debt relief, debt Relief Trust, Debt service, debt service relief, Ebola crisis, fund, Global, pandemic, PP, tranche, Trust grant, Trust's resource

Pages:
23
Volume:
2020
DOI:
https://doi.org/10.5089/9781513539454.007
Issue:
017
Series:
Policy Paper No. 2020/017
Stock No:
PPEA2020017
ISBN:
9781513539454
ISSN:
2663-3493

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