2016 Handbook of IMF Facilities for Low-Income Countries
Electronic Access:
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Summary:
This Handbook provides guidance to staff on the financial and non-financial facilities for low-income countries (LICs), defined here as all countries eligible to obtain concessional financing from the Fund. It updates the previous version of the Handbook that was published in February 2015 (IMF, 2015) by incorporating modifications resulting from Board papers and related decisions since that time, including the reform of the Fund policy on Poverty Reduction Strategy in Fund engagement with low-income countries, Financing for Development—Enhancing the Financial Safety net for Developing Countries, Proposal for Catastrophe Containment and Relief Trust, the Review of Eligibility to Use the Fund’s Facilities for Concessional Financing, and the 14th General Review of Quotas.1 Designed as a comprehensive reference tool for program work on LICs, the Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the sole legal authority on the matters covered in the Handbook.
Series:
Policy Papers
Subject:
Catastrophe Containment and Relief Trust Concessional aid Conditionality Extended Credit Facility Fund facilities HIPC Initiative Low-income developing countries Multilateral debt relief initiative Policy Support Instrument Publications Rapid Credit Facility Staff-monitored programs Standby Credit Facility Use of Fund resources
English
Publication Date:
February 23, 2016
Format:
Paper
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