Catastrophe Containment And Relief Trust-Approval Of Grant Assistance For Debt Service Relief.

This paper proposes that the Executive Board determine that the global COVID-19 pandemic constitutes a Qualifying Public Health Disaster (QPHD) under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief Trust (CCRT), in line with the new QPHD test approved by the Board o...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:Policy Papers; Policy Paper ; No. 2020/022
Subjects:
Online Access:Full text available on IMF
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245 1 0 |a Catastrophe Containment And Relief Trust-Approval Of Grant Assistance For Debt Service Relief. 
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520 3 |a This paper proposes that the Executive Board determine that the global COVID-19 pandemic constitutes a Qualifying Public Health Disaster (QPHD) under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief Trust (CCRT), in line with the new QPHD test approved by the Board on March 26. The CCRT has sufficient financial resources for an initial tranche of grant assistance for debt service relief covering eligible debt falling due from all CCRT-eligible members through October 13, 2020. Fundraising efforts continue to secure the financial resources needed to commit future such tranches for CCRT debt service relief, up to a cap of two years. Staff considers that the 25 members requesting CCRT assistance qualify for immediate CCRT relief. 
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650 7 |a CCRT Resource  |2 imf 
650 7 |a CCRT  |2 imf 
650 7 |a Debt Service Relief  |2 imf 
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651 7 |a Central African Republic  |2 imf 
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