Policy Papers

Strengthening the Fund's Ability to Assist Low-Income Countries Meet Balance of Payments Needs Arising from Sudden and Exogenous Shocks

Publication Date:

June 10, 2005

Electronic Access:

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Summary:

At the Executive Board discussion on the role of the Fund in low-income countries, Directors requested proposals to address the absence of concessional instruments other than the PRGF in the Fund's financial assistance to low-income members facing exogenous shocks. Against this background, this paper analyses the main issues in designing such a window within the PRGF Trust.

Series:

Policy Papers

Subject:

Balance of payments assistance Low income developing countries Poverty Reduction and Growth Facility Poverty Reduction and Growth Facility Trust