Poverty Reduction and Growth Trust—2023 Borrowing Agreements with the Government of Australia, the People’s Bank of China, the Bank of Finland, the Banque De France, De Nederlandsche Bank NV, the Norwegian Ministry of Finance Representing the Kingdom

Author: International Monetary Fund. Finance Dept. and International Monetary Fund. Legal Dept.

This paper presents the second set of PRGT borrowing agreements that have been finalized through April 2023 as part of the loan mobilization round launched in July 2021.

Volume/Issue: Volume 2023 Issue 041

Publication date: October 2023

ISBN: 9798400255120

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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , Public Policy - Social Services and Welfare , Political Economy , PRGT Borrowing agreements , PRGT Loans , Poverty Reduction and Growth Trust (PRGT) , Concessional financing , Resource adequacy , PRGT Funding , Contributions , Transparency policy , SDR equivalent , channeling pledge , totaling SDR , PRGT loan disbursement , loan resource , Loans , Poverty reduction strategy , SDR interest rate

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Summary

This paper presents the second set of PRGT borrowing agreements that have been finalized through April 2023 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). Seven of the eight agreements presented use SDRs in the context of SDR channeling. Together these agreements provide a total of SDR 5.1 billion in new PRGT loan resources for low-income countries (LICs).