Policy Papers

A New Architecture of Facilities for Low-Income Countries

June 26, 2009

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A New Architecture of Facilities for Low-Income Countries, (USA: International Monetary Fund, 0) accessed November 21, 2024

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.

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Subject: Access to Fund general resources, Concessional aid, Extended arrangements, Fund facilities, Fund policies, Low-income developing countries, Policy Support Instrument, Stand-by arrangements

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