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March 26, 2004

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March 30, 2000




Review of PRGF-HIPC Financing and the Adequacy of the Reserve Account of the PRGF Trust

Prepared by the Finance Department (In consultation with the Legal and Policy Development and Review Departments)

Approved by Michael G. Kuhn

August 31, 2004

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Contents
I.   Introduction
II.   Reserve Account of the PRGF Trust
III.   Status of PRGF-HIPC Financing
IV.   Proposed Decision On The Adequacy Of The Reserve Account
Text Tables
1.   Pending Contributions to the PRGF-HIPC Trust
Appendix Tables
2.   Summary of Bilateral Contributions to the PRGF and PRGF-HIPC Trusts
3.   PRGF Trust—Subsidy Agreements
4.   PRGF Trust—Loan Agreements
5.   PRGF Trust—Reserve Account Coverage
6.   Information on Pending Bilateral Contributions to the PRGF-HIPC Status as of end-July 2004