Policy Papers

Catastrophe Containment and Relief Trust—Fifth Tranche of Debt Service Relief in The Context of The COVID-19 Pandemic

Publication Date:

December 20, 2021

Electronic Access:

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Summary:

The Executive Board approved a two-step approach consisting of (i) an immediate approval of the disbursement of a fourth tranche of debt service relief to all qualified beneficiary countries covering the period from October 16, 2021 through January 10, 2022, and (ii) consideration by January 2022 of a final tranche of CCRT debt service relief through April 13, 2022 based on a brief Board paper with an assessment of resources at that time. In accordance with the two-step approach, this paper provides a brief overview on recent developments in CCRT-eligible countries followed by an update on the CCRT’s funding status and resources assessment.

Series:

Policy Paper No. 2021/074

Subject:

Asset and liability management COVID-19 Debt relief Debt service External debt Health Monetary policy Political economy

Frequency:

occasional