Cover Policy Papers
Temporary Modifications to The Fund’s Annual and Cumulative Access Limits
Author:
International Monetary Fund. Strategy, Policy, & Review Department
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International Monetary Fund. Finance Dept.
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International Monetary Fund. Legal Dept.
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Series:
Policy Papers
Volume/Issue:
Volume 2023: Issue 005
Language:
English
Publication Date:
10 Mar 2023
DOI:
https://doi.org/10.5089/9798400236174.007
ISBN:
9798400236174
ISSN:
2663-3493
Pages:
36
Keywords:
access limit; executive board review PRGT access; PRGT resource; PRGT access metrics; concessional financing arm; Credit; COVID-19; Emerging and frontier financial markets; Credit risk; Debt sustainability; Global
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The paper discusses possible changes for the Poverty Reduction and Growth Trust (PRGT), for which the access limits were raised by 45 percent in 2021, bringing them into alignment with GRA access limits for the first time. While these changes helped address low-income countries’ (LICs) financing needs, these needs are projected to further increase in the medium term. An increase in the PRGT access limits in line with the proposed increase in the GRA access limits would help address these needs.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2023: Issue 005