A New Architecture of Facilities for Low-Income Countries
This paper proposes a new facilities architecture for Low-Income Countries.
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Volume 2009
Issue 046
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Exports and Imports , Money and Monetary Policy , Public Policy - Social Services and Welfare , PP , ECF arrangement , financing request , RCF financing , balance of payments problem , financing need
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Summary
This paper proposes a new facilities architecture for Low-Income Countries. It is based on "Option 2" set out in the framework paper discussed by the Executive Board on March 20, 2009. The new architecture provides a unified facilities framework for LICs under a new Poverty Reduction and Growth Trust (PRGT). The facilities are distinguished primarily by the duration of the financing and adjustment needs and the conditionality standard.
