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Middle East and Central Asia > Saudi Arabia

You are looking at 1 - 9 of 9 items for :

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Cover Policy Papers
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
Commitments under new PRGT-supported programs are expected to increase in 2012 in part reflecting the weaker global economic outlook. PRGT commitments in 2011 amounted to SDR 1.2 billion, unchanged from their 2010 level. Staff projections suggest demand could rise to about SDR 2 billion in 2012. If all elements of the 2009 financing package are secured, the PRGT will have an annual average lending capacity of SDR 2.2 billion over 2012–14, or SDR 1.6 billion through 2015. Additional pledges of SDR 1 billion in loan resources are still required to secure the targeted loan resources approved under the 2009 financing package. Fourteen members have so far pledged SDR 9.8 billion in new loan resources for the PRGT compared with the target of SDR 10.8 billion. New borrowing agreements totaling SDR 9.5 billion have been signed with thirteen lenders.
Keywords:
PP; loan resource; reserve account; SDR equivalent; about SDR; subsidy contribution; subsidy resource; trading arrangement; LIC financing package; resources mobilization; SDR rate; Debt relief; Loans; Credit; Emergency assistance; Concessional external borrowing; Africa; Global
Cover Policy Papers
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
New commitments under PRGT-supported programs are expected to increase to about SDR 2 billion in 2012, in part reflecting the large ECF commitment (SDR 0.6 billion) for Bangladesh approved in April. Commitments in the first eight months of 2012 amounted to SDR 1.4 billion and a further SDR 0.6 billion is expected to be committed by year end. This compares to total commitments of SDR 1.2 billion in each of 2010 and 2011. If all elements of the 2009 financing package are secured, the PRGT will have an annual average lending capacity of SDR 2.2 billion remaining under this package for the period 2013–14. Additional
Keywords:
PP; SDR; PRGT; loan; financing; SDR equivalent; LIC financing package; loan resource; about SDR; SDR amount; Debt relief; Loans; Credit; Emergency assistance; Arrears; Africa
Cover Policy Papers
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
Lower-than-expected demand over the recent past has raised the lending capacity of the PRGT for the years 2012–14. Staff’s latest projections suggest PRGT demand in 2011 could be about SDR 1.4 billion, up from SDR 1.2 billion in 2010. Assuming the 2009 LIC financing package is completed, these projections would be consistent with lending capacity of about SDR 2.1 billion per year from 2012–14, or SDR 1.5 billion per year through 2015. Most of the targeted loan resources under the 2009 package have now been secured, but additional pledges of about SDR 1 billion in loans are still needed. Fourteen members have pledged SDR 9.8 billion in new loan resources for the PRGT, compared to the target of SDR 10.8 billion. New borrowing agreements totaling SDR 9.5 billion have been signed with thirteen lenders. Eight of these agreements provide loan resources in SDRs, and seven creditors also participate in the voluntary encashment regime.
Keywords:
PP; SDR; PRGT; loan; lending; SDR equivalent; about SDR; financing package; subsidy resource; PRGT lending; lending capacity; Debt relief; Loans; Credit; Emergency assistance; Arrears; Global
Cover Policy Papers
Update on the Financing of the Fund’s Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
Significant progress has been made towards meeting the fund-raising targets for the PRGT, but additional resources will be needed to complete the 2009 LIC financing package. So far, fourteen members have pledged about SDR 9.8 billion in new loan resources, compared to the target of SDR 10.8 billion (including provision for a liquidity buffer to facilitate encashment). New borrowing agreements totaling SDR 7.7 billion have been signed with ten lenders. Six of these agreements provide loan resources in SDRs, and five creditors also participated in the voluntary encashment regime.
Keywords:
PP; reserve account; interest rate; SDR equivalent; about SDR; coverage ratio; PRGT Reserve Account; resources of SDR; SDR amount; Debt relief; Loans; Credit; Emergency assistance; Personal income; Africa; Global
Cover Policy Papers
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
This paper provides a semi-annual review of the status of financing for PRGF-ESF lending, subsidization of emergency assistance, and HIPC and MDRI debt relief. The last review was completed by the Executive Board on September 24, 2008. The paper does not address the G-20’s recent call for additional concessional resources, which is discussed in a separate paper.
Keywords:
PP; SDR equivalent; about SDR; subsidy resource; loan resource; PRGF-ESF reserve account; subsidization capacity; resource needs; Debt relief; Loans; Emergency assistance; Concessional external borrowing; Personal income; Global; Africa
Cover Policy Papers
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
This paper provides a semi-annual review of the status of financing for PRGFESF lending, HIPC and MDRI debt relief, and an update on the mobilization of resources for the subsidization of emergency assistance to PRGF-eligible countries. The last review was completed by the Executive Board on September 26, 2007.
Keywords:
PP; coverage ratio; subsidy Account; ESF lending; SDR equivalent; subsidy resource; PRGF-ESF lending; PRGF-ESF operations; PRGF-ESF subsidy Account; about SDR; PRGF-ESF resource; Debt relief; Emergency assistance; Loans; Personal income; Arrears; Africa; Global
Cover Policy Papers
Update on the Financing of the IMF's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
This paper provides a semi-annual review of the status of financing for Poverty Reduction and Growth Facility-Exogenous Shocks Facility (PRGF-ESF) lending, subsidization of emergency assistance to PRGF-eligible countries, and Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI) debt relief. The last review was completed by the IMF Executive Board on April 21, 2008.
Keywords:
PP; loan resource; SDR equivalent; MDRI debt relief; about SDR; PRGF-ESF loan resource; subsidy resource; subsidy account; self-sustained PRGF-ESF operation; PRGF commitment; Debt relief; Emergency assistance; Loans; Personal income; Concessional external borrowing; Africa
Cover Policy Papers
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
This paper provides a semi-annual review of the status of financing for PRGF-ESF lending, HIPC and MDRI debt relief, and subsidization of emergency assistance to PRGF-eligible members. The last review was completed by the Executive Board on April 13, 2007.
Keywords:
PP; subsidy account; ESF subsidy contribution; subsidy resource; loan resource; PRGF arrangement; PRGF subsidy requirements; SDR equivalent; reserve account; Debt relief; Emergency assistance; Loans; Personal income; Arrears; Global
Cover Policy Papers
Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
International Monetary Fund
This paper provides a semi-annual review of the status of financing for PRGFESF lending, HIPC-MDRI debt relief, and subsidization of emergency assistance to PRGF-eligible members. The last update was issued to the Executive Board in March 2006.
Keywords:
PP; HIPC-MDRI; MDRI debt relief; SDR; SDR equivalent; ESF loan; HIPC assistance; financing framework; ESF lending; about SDR; loan resource; Debt relief; Emergency assistance; Loans; Concessional external borrowing; Debt financing; Africa