Catastrophe Containment and Relief Trust—Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

October 5, 2020

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Format: Chicago

Catastrophe Containment and Relief Trust—Second Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic, (USA: International Monetary Fund, 2020) accessed November 7, 2024

Summary

This paper proposes that the Executive Board approve the disbursement of a second 6-month tranche of CCRT debt service relief to 28 of the 29 members, covering the period October 14, 2020 through April 13, 2021, given staff’s assessment that sufficient financial resources are available.2 In this context, the paper also provides brief updates for each beneficiary country on its policy responses to the pandemic and staff’s assessment of these policies and the use of resources freed up by debt service relief. It also provides an update on the finances of the CCRT and the fundraising efforts to secure adequate resources for grant assistance in the future. Based on grant pledges to date, resources are not sufficient to extend CCRT relief beyond the proposed second sixth-month period.

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

Keywords: About SDR, CCRT debt service relief, COVID balance of SDR, COVID-19, Debt financing, Debt relief, Debt service, Global, PP, SDR, Status of the CCRT, Tranche, Tranche of debt service relief

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2020/045
Stock No:

PPEA2020045
ISBN:

9781513558691
ISSN:

2663-3493

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