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ARTICLE V, SECTION 2(b) |
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Technical and Financial Services | ||||
Financial Services | ||||
Poverty Reduction and Growth Trust | ||||
Transformation of the Enhanced Structural Adjustment Facility
2. The following changes shall be made to the Enhanced Structural Adjustment Facility Trust established by Decision No. 8759-(87/176) ESAF, adopted December 18, 1987: The Trust shall assist in fulfilling the purposes of the Fund by providing loans on concessional terms (hereinafter called “Trust loans”) to low-income developing members that qualify for assistance under this Instrument, in order to support programs to strengthen substantially and in a sustainable manner their balance of payments position and to foster durable growth, leading to higher living standards and a reduction in poverty. Decision No. 12087-(99/118) PRGF, October 21, 1999, effective November 22, 1999 |
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Prepared by the Legal Department of the IMF
Note
- Page number references in the text are to the Forty-Second issue hard copy volume.