On November 1999, the IMF’s facility for low income countries, the Enhanced Structural Adjustment Facility (ESAF), was renamed Poverty Reduction and Growth Facility (PRGF), and its purposes were redefined. It is intended that PRGF-supported programs will in time be based on country-owned poverty reduction strategies adopted in a participatory process involving civil society and development partners, and articulated in a Poverty Reduction Strategy Paper (PRSP). This is intended to ensure that each PRGF-supported program is consistent with a comprehensive framework for macroeconomic, structural, and social policies to foster growth and reduce poverty. The Ghanaian government’s 2002/04 agenda for poverty alleviation will be articulated in the Ghana Poverty Reduction Strategy (GPRS). The document is scheduled to be finalized by September-October 2001. PRGF loans carry an annual interest rate of 0.5% and are repayable over 10 years with a 514 year grace period on principal payments.