Poverty Reduction and Growth Trust-Review of Interest Rate Structure.

This paper reviews the Poverty Reduction and Growth Trust (PRGT) interest rate structure for the period July 2019-June 2021. Since the interest rate mechanism was first established in 2009, no interest has been charged on PRGT credit. In line with the package of reforms proposed in the parallel Revi...

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التفاصيل البيبلوغرافية
مؤلف مشترك: International Monetary Fund. Finance Dept
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2019.
سلاسل:Policy Papers; Policy Paper ; No. 2019/023
الوصول للمادة أونلاين:Full text available on IMF
الوصف
الملخص:This paper reviews the Poverty Reduction and Growth Trust (PRGT) interest rate structure for the period July 2019-June 2021. Since the interest rate mechanism was first established in 2009, no interest has been charged on PRGT credit. In line with the package of reforms proposed in the parallel Review of LIC Facilities, this paper proposes to align interest rates on the SCF with those on the ECF. Based on the average SDR rate over the most recently observed 12-month period, the proposed revised interest rate mechanism would result in zero interest rates on both ECF and SCF credit for the period July 2019-June 2021.
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وصف مادي:1 online resource (15 pages)
التنسيق:Mode of access: Internet
تدمد:2663-3493
وصول:Electronic access restricted to authorized BRAC University faculty, staff and students