Fund Concessional Financial Support For Low-Income Countries-Responding To The Pandemic.

Fund Concessional Financial Support For Low-Income Countries-Responding To The Pandemic.

This paper proposes a package of policy reforms and a funding strategy to ensure that the Fund has the capacity to respond flexibly to LICs' needs during the pandemic and recovery. The key policy reforms proposed include: -- raising the normal annual/cumulative limits on access to PRGT resource...

Szczegółowa specyfikacja

Opis bibliograficzny
Korporacja: International Monetary Fund
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2021.
Seria:Policy Papers; Policy Paper ; No. 2021/053
Hasła przedmiotowe:
Health Behavior
Monetary Policy
Political Economy
Dostęp online:Full text available on IMF
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520 3 |a This paper proposes a package of policy reforms and a funding strategy to ensure that the Fund has the capacity to respond flexibly to LICs' needs during the pandemic and recovery. The key policy reforms proposed include: -- raising the normal annual/cumulative limits on access to PRGT resources to 145/435 percent of quota, the same thresholds for normal access in the GRA; -- eliminating the hard limits on exceptional access (EA) to PRGT resources for the poorest LICs, enabling them to obtain all financing on concessional terms if the EA criteria are met; -- changes to the framework for blending concessional and non-concessional resources to make it more robust and less complex; -- stronger safeguards to address concerns regarding debt sustainability and capacity to repay the Fund; and -- retaining zero interest rates on PRGT loans, consistent with the established rules for setting these interest rates. 
538 |a Mode of access: Internet 
650 7 |a Health Behavior  |2 imf 
650 7 |a Monetary Policy  |2 imf 
650 7 |a Political Economy  |2 imf 
830 0 |a Policy Papers; Policy Paper ;  |v No. 2021/053 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/007/2021/053/007.2021.issue-053-en.xml  |z IMF e-Library 

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