A New Architecture of Facilities for Low-Income Countries

This paper proposes a new facilities architecture for Low-Income Countries. It is based on "Option 2" set out in the framework paper discussed by the Executive Board on March 20, 2009. The new architecture provides a unified facilities framework for LICs under a new Poverty Reduction and Growth Trust (PRGT). The facilities are distinguished primarily by the duration of the financing and adjustment needs and the conditionality standard.
Publication date: June 2009
ISBN: 9781498335850
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concessional , ECF , PRGF , SCF , EPCA

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