Policy Papers

Interim Review of The Resilience and Sustainability Trust and Review of Adequacy of Resources

Publication Date:

June 24, 2024

Electronic Access:

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Summary:

The Resilience and Sustainability Trust (RST) provides affordable longer-term financing to help eligible IMF members address longer-term structural challenges, thereby progressing toward strengthening their prospective balance of payments stability. This paper takes stock of the initial experience with the RST—focusing on progress and challenges so far—and proposes fine-tuning RST design with a view to strengthening implementation of the Trust’s objectives. The paper also provides an assessment of the adequacy of the Trust’s resources and finds that increased near-term fundraising will be needed to meet strong demand. The Trust’s reserves remain adequate in the baseline and under a range of risk scenarios.

Series:

Policy Paper No. 2024/031

Subject:

Climate change Climate finance Climate policy Environment Financial institutions Loans Natural disasters

Frequency:

occasional