Update on the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income Member Countries
New commitments under programs supported by the Poverty Reduction and Growth Trust (PRGT) amounted to SDR 0.
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Volume/Issue:
Volume 2014
Issue 017
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Exports and Imports , Investments and Securities-General , Money and Monetary Policy , PP , SDR , PRGT , resource , lending , reserve account , loan resource , PRGT lending , PRGT commitment , SDR equivalent , financing package , SDR interest rates , PRGT obligation , PRGT demand , PRGT resource , subsidy resource , PRGT operation , self-sustained PRGT capacity , Debt relief , Loans , Concessional external borrowing , Credit , Return on investment , Global , Africa
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Summary
New commitments under programs supported by the Poverty Reduction and Growth Trust (PRGT) amounted to SDR 0.6 billion during the first nine months of 2014, and disbursements on existing arrangements amounted to about SDR 0.3 billion through end-August. While this level of demand is low by historical standards, new commitments for 2014 as a whole could still exceed SDR 1 billion. These projections are, however, subject to considerable uncertainty regarding progress with ongoing program negotiations.
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