Guidance For The Investment Of Temporary Resources To Generate Income To Contribute To PRG, PRG-HIPC, And CCR Trusts Assets

This paper proposes that the Decision be amended to clarify that those temporary resources invested under the third option for PRG Trust contributors will be centralized in the Deposit and Investment Account (DIA).
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Volume/Issue: Volume 2022 Issue 049
Publication date: November 2022
ISBN: 9798400223075
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Topics covered in this book

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Investments and Securities-General , Economics- Macroeconomics , Money and Monetary Policy , Public Policy - Social Services and Welfare , Political Economy , investment assets , assets of the Trust , CCR trusts asset , b , contributor resource , CCR trusts' asset , Income , Poverty reduction and development , Investment policy

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Summary

In July 2017, the Executive Board adopted a decision (hereinafter the ”Decision”) regarding the investment of resources provided to the Poverty Reduction and Growth Trust (“PRG Trust”) and other trusts on a temporary basis with the purpose of generating income for the operations of these trusts (“temporary resources”). This paper proposes that the Decision be amended to clarify that those temporary resources invested under the third option for PRG Trust contributors will be centralized in the Deposit and Investment Account (DIA).

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