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Middle East and Central Asia > Kyrgyz Republic

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Cover Policy Papers
Poverty Reduction and Growth Trust Interest Rate Mechanism - Extension of Temporary Interest Rate Waiver
International Monetary Fund
In recent months, a number of Directors have expressed support in the Executive Board for a further extension of the temporary exceptional interest waiver on concessional lending. An extension would send a signal of the Fund’s continued support for Low-Income Countries at a time when the global economic crisis is still ongoing. In view of the related downside risks to the global economic recovery and a decline in the ability of Low-Income Countries to respond to a further weakening of global growth, this paper proposes a further extension of the exceptional interest waiver by two years, to end-2014. This paper also proposes to further extend to April 2013 the existing subsidization of the rate of charge on outstanding Emergency Natural Disaster Assistance and Emergency Post-Conflict Assistance purchases by PRGT-eligible members.
Keywords:
PP; interest rate; PRGT interest rate mechanism; Emergency Post-Conflict Assistance; interest; EPCA credit; PRGT interest rate structure; SDR interest rates increase; PRGT interest rates; Emergency assistance; Interest payments; Credit; Global
Cover Policy Papers
Poverty Reduction and Growth Trust - Review of Interest Rate Structure
International Monetary Fund
This is the first review of the interest rate mechanism approved under the 2009 reforms of the Fund’s concessional lending facilities. The mechanism links the Poverty Reduction and Growth Trust (PRGT) interest rate structure to world interest rates and provides a setting to differentiate interest rates across the various PRGT facilities. The framework requires reviews every two years, with the first such review to be completed by December 31, 2011.
Keywords:
PP; interest rate; PRGT; loan; interest; PRGT interest rate mechanism; PRGT interest rates; PRGT loan; PRGT facilities; SDR rate; PRGT lending; interest rate waiver; Loans; Credit; Emergency assistance; Interest payments; SDR interest rate; Global
Cover IMF Survey
IMF Survey, Volume 35, Issue 20
International Monetary Fund. External Relations Dept.
Murilo Portugal, Agustin Carstens, Kyrgyz Republic, HIPC, central Asia, Indonesian debt, Saudi Arabian economy, Peter Kenen, European Central Bank, ECB, Danish economy, flexicurity,Burundi's economy, aid volatility, Indian and China, Doing Business.
Keywords:
SV; Rodrigo de Rato; Agustín Carstens; economy; Kyrgyz authorities; IMF quota; papers IMF; IMF executive director; management team; Labor markets; Unemployment; Dutch disease; Financial sector stability; Europe; Global; Africa; Central Asia; Asia and Pacific