Poverty Reduction and Growth Trust—Review of Interest Rate Structure—Postponement
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Summary:
This paper proposes to postpone the next review of the PRGT interest rate structure to end-July 2025, given the desirability to consider all policies regarding low-income country facilities—including those related to PRGT interest rates—at once in the context of 2024/25 Review of the Fund’s Concessional Facilities and Financing. As a result of this postponement, the interest rates on all PRGT credit would be kept at zero until the completion of the next review.
Series:
Policy Paper No. 2023/024
Subject:
Credit Financial services Monetary policy Money Political economy Poverty Poverty reduction strategy SDR interest rate
Frequency:
occasional
English
Publication Date:
June 14, 2023
ISBN/ISSN:
9798400244926/2663-3493
Stock No:
PPEA2023024
Format:
Paper
Pages:
5
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