Poverty Reduction and Growth Trust―2022:Borrowing Agreements With The Government of Canada As Represented By The Minister Of Finance, The Bank Of Italy, The Government Of Japan, And The Bank Of Spain
This paper presents the first set of borrowing agreements that have been finalized as part of the loan mobilization round launched in July 2021 to cover the cost of pandemic-related lending and support the self-sustainability of the Poverty Reduction and Growth Trust (PRGT).
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Volume/Issue:
Volume 2022
Issue 051
Publication date: November 2022
ISBN: 9798400223020
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Public Policy - Social Services and Welfare , Political Economy , Finance , Money and Monetary Policy , transparency policy , PRGT loan resource , amended agreement , SDRS to an account , PRGT reform , Loans , Poverty reduction strategy , Distressed assets
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Summary
This paper presents the first set of borrowing agreements that have been finalized as part of the loan mobilization round launched in July 2021 to cover the cost of pandemic-related lending and support the self-sustainability of the Poverty Reduction and Growth Trust (PRGT). All agreements presented use SDRs in the context of SDR channeling and together provide a total of SDR 2.85 billion in new PRGT loan resources for low-income countries (LICs).
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