Eligibility to Use the Fund's Facilities for Concessional Financing, 2015.
The review of PRGT eligibility continues to be guided by the principles of maintaining a transparent, rules-based, and parsimonious framework-ensuring uniformity of treatment across members in similar situations while taking appropriate account of country-specific circumstances. The graduation polic...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Reeks: | Policy Papers; Policy Paper ;
No. 2015/033 |
| Online toegang: | Full text available on IMF |
| Samenvatting: | The review of PRGT eligibility continues to be guided by the principles of maintaining a transparent, rules-based, and parsimonious framework-ensuring uniformity of treatment across members in similar situations while taking appropriate account of country-specific circumstances. The graduation policy seeks to maintain broad alignment with the World Bank's IDA graduation practices, while also remaining consistent with the principle of ensuring the self-sustainability of the PRGT's lending capacity over time. The paper concludes that the existing framework remains broadly appropriate, but could be enhanced in a few areas, including: Making use of additional data sources, namely the IMF BEL database, in assessing that a country has durable and substantial market access, supplementing the current reliance on the World Bank's IDS database that is produced with a significant lag; Sharpening the specification of circumstances under which the presence of serious short-term vulnerabilities would justify non-graduation of a country that meets the income graduation criterion. This would entail limiting the application of the serious short-term vulnerabilities criterion for countries that exceed the applicable income graduation threshold by 50 percent or more. |
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| Beschrijving item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysieke beschrijving: | 1 online resource (37 pages) |
| Formaat: | Mode of access: Internet |
| ISSN: | 2663-3493 |
| Toegang: | Electronic access restricted to authorized BRAC University faculty, staff and students |