Cover Policy Papers
Demand Projections for the Fund's Concessional Resources
Author:
International Monetary Fund
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Series:
Policy Papers
Volume/Issue:
Volume 2011: Issue 019
Language:
English
Publication Date:
16 Mar 2011
DOI:
https://doi.org/10.5089/9781498339155.007
ISBN:
9781498339155
ISSN:
2663-3493
Pages:
14
Keywords:
PP; financial support; demand; lending; Fund; SDR; PRGT financing commitment; fund staff estimate; PRGT resource; PRGT-eligible country; PRGT-eligibility list; PRGT commitment; Public expenditure review; Personal income; Concessional external borrowing; Global
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Projections of demand for concessional loans under the Poverty Reduction and Growth Trust (PRGT) are subject to a high degree of uncertainty. The Fund’s financial support to low-income countries (LICs) is both cyclical and lumpy. Moreover, there are important structural changes underway that are likely to affect the frequency, nature, and size of Fund concessional lending. As a result, simple extrapolations from historical lending volumes are misleading. This paper reviews factors underlying historical lending trends and develops a methodology that can narrow down the range of possible longer-term demand scenarios.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2011: Issue 019