Update on the Financing of the Fund’s Concessional Assistance and Proposed Amendments to the PRGT Instrument

Author: International Monetary Fund

New commitments under PRGT-supported programs amounted to SDR 0.

Volume/Issue: Volume 2014 Issue 063

Publication date:

ISBN:

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , PP , self-sustained PRGT , subsidy resource , PRGT instrument , SDR equivalent , financing package , obligations vis-à-vis , PRGT lending , loan resource , resource capacity , PRGT commitment , PRGT creditor , PRGT loan accounts , PRGT reserve account , Loans , Debt relief , Concessional external borrowing , Credit , Personal income , Global

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Summary

New commitments under PRGT-supported programs amounted to SDR 0.15 billion in 2013, while disbursements on existing arrangements amounted to about SDR 0.8 billion. However, this lower demand is expected to be temporary. New commitments are projected to rebound to about SDR 1.5 billion in 2014, similar to the level observed in 2012. These projections are subject to considerable uncertainty regarding progress on ongoing program negotiations.