Policy Safeguards For Countries Seeking Access To Fund Financial Support That Would Lead To High Levels Of Combined GRA-PRGT Exposure

Proposal for safeguards aligned with GRA exceptional access policy that will apply in cases where combined GRA and PRGT credit exposure exceeds GRA thresholds.

Volume/Issue: Volume 2020 Issue 039

Publication date: September 2020

ISBN: 9781513557274

$0.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , PP , financing , PRGT resource , HCC Thresholds , financing request , policy safeguard , HCC threshold , Combined GRA-PRGT Exposure , PRGT-eligible country , Debt sustainability , Credit , Debt sustainability analysis , Poverty reduction strategy

Also of interest

2018 Review of Program Design and Conditionality

Review of Implementation of IMF Commitments in Support of the 2030 Agenda for...

Annual Update on SDR Trading Operations

FY2024—Budget Outturn

Summary

This paper proposes safeguards broadly aligned with the GRA exceptional access policy that will apply in cases where combined GRA and PRGT credit exposure exceeds the GRA thresholds. The new safeguards would help to mitigate financial risks to the PRGT and the GRA, respectively, that arise from a member having high levels of combined credit from these two sources of funding. The proposed policy builds on the current policies on safeguards to Fund resources (both the Fund’s resources in the GRA and under the PRGT as Trustee, respectively).