Update on the Financing of the Fund’s Concessional Assistance and Debt Relief to Low-Income Member Countries

Author: International Monetary Fund

This paper reviews recent developments in financing of the Fund’s concessional lending and debt relief.

Volume/Issue: Volume 2013 Issue 076

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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , PP , SDR , PRGT , loan account , lending , loan resource , SDR equivalent , PRGT lending , PRGT commitment , LIC financing package , PRGT creditor , PRGT operation , PRGT loan , commitments of SDR , subsidy contribution , about SDR , Loans , Debt relief , Concessional external borrowing , Credit , Gold , Africa , Global

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Summary

This paper reviews recent developments in financing of the Fund’s concessional lending and debt relief. It reports the latest available data including the pledges made thus far in response to the Managing Director’s fund-raising requests of August 2009 and February and November 2012 aimed at establishing a self-sustained PRGT. The PRGT’s potential self-sustained capacity is discussed in the context of longer-term projections of the demand for concessional lending.