Multilateral Debt Relief Initiative and Exogenous Shocks Facility - Proposed Decisions

Volume/Issue: Volume 2005 Issue 087

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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 Policy - Social Services and Welfare , PP , II Trust , PRGF-HIPC Trust instrument , reserve account , Interim PRGF Subsidy Operations , resources of the Trust , subsidy operation , Loans , Poverty reduction strategy , Debt relief , Currencies , Public and publicly-guaranteed external debt

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Summary

This paper puts forward a package of proposed decisions to implement the Multilateral Debt Relief Initiative (“MDRI”) and establish the Exogenous Shocks Facility within the PRGF Trust; it also provides a Commentary on key aspects of the decisions. The proposed decisions generally reflect the overall structure and modalities that have been identified by the staff and endorsed by Executive Directors in the several meetings held to date concerning the G-8 debt relief proposal/MDRI and ESF.