Resilience And Sustainability Trust―2022 Contribution Agreements with Australia, Canada, China, Germany, Japan, And Spain

This paper presents the first set of contribution agreements that had been finalized with contributors by the time of the operationalization of the Resilience and Sustainability Trust (RST) on October 12, 2022.
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Volume/Issue: Volume 2023 Issue 003
Publication date: February 2023
ISBN: 9798400235450
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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , Environmental Conservation and Protection , Political Economy , transparency policy , deposit account claim , contribution agreement , totaling SDR , SDR equivalent , Loans , SDR interest rate , Environmental sustainability

Summary

This paper presents the first set of contribution agreements that had been finalized with contributors by the time of the operationalization of the Resilience and Sustainability Trust (RST) on October 12, 2022. The six finalized agreements provide for contributions in a total amount of about SDR 15.3 billion across the three RST accounts – the loan account, deposit account, and reserve account. These six finalized agreements deliver critical resources for the operationalization of the RST and represent an important step towards its adequate funding.