Poverty Reduction and Growth Trust: 2024 Borrowing Agreements with Belgium, Denmark, France, Japan, Korea, And Qatar

May 29, 2024

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Poverty Reduction and Growth Trust: 2024 Borrowing Agreements with Belgium, Denmark, France, Japan, Korea, And Qatar, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

This paper presents the last six borrowing agreements that were concluded between October 2023 and February 2024 to provide new loan resources to the Poverty Reduction and Growth Trust (PRGT) as part of the loan mobilization round launched in July 2021 to support low-income countries (LICs) during the pandemic and beyond. Five of the six agreements use SDRs in the context of SDR channeling. Together these borrowing agreements provide a total amount of SDR 3.9 billion in new PRGT loan resources. The 2021 loan fundraising campaign was concluded successfully. It mobilized total contributions of SDR 14.65 billion from 17 PRGT lenders, well exceeding the SDR 12.6 billion loan target.

Subject: Financial institutions, Financial services, Loans, Monetary policy, Political economy, Poverty, Poverty reduction and development, SDR interest rate

Keywords: Loan pledge, Loan resource, Loans, Poverty reduction and development, PRGT loan disbursement, SDR interest rate, SDR interest rate assumption, Transparency policy

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2024/028
Stock No:

PPEA2024028
ISBN:

9798400277191
ISSN:

2663-3493

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