Catastrophe Containment And Relief Trust Fifth Tranche Of Debt Service Relief In The Context Of The Covid 19 Pandemic
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Catastrophe Containment And Relief Trust Third Tranche Of Debt Service Relief In The Context Of The Covid 19 Pandemic
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-04-05
Catastrophe Containment And Relief Trust Third Tranche Of Debt Service Relief In The Context Of The Covid 19 Pandemic written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-05 with Business & Economics categories.
This paper proposes that the Executive Board approve the disbursement of a third tranche of CCRT debt service relief to 28 of the 29 CCRT-eligible members, covering the period April 14, 2021 through October 15, 2021, given staff’s assessment that sufficient financial resources are available.
Catastrophe Containment And Relief Trust Fifth Tranche Of Debt Service Relief In The Context Of The Covid 19 Pandemic
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-12-20
Catastrophe Containment And Relief Trust Fifth Tranche Of Debt Service Relief In The Context Of The Covid 19 Pandemic written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-20 with Business & Economics categories.
The Executive Board approved a two-step approach consisting of (i) an immediate approval of the disbursement of a fourth tranche of debt service relief to all qualified beneficiary countries covering the period from October 16, 2021 through January 10, 2022, and (ii) consideration by January 2022 of a final tranche of CCRT debt service relief through April 13, 2022 based on a brief Board paper with an assessment of resources at that time. In accordance with the two-step approach, this paper provides a brief overview on recent developments in CCRT-eligible countries followed by an update on the CCRT’s funding status and resources assessment.
Catastrophe Containment And Relief Trust Fourth Tranche Of Debt Service Relief In The Context Of The Covid 19 Pandemic And Approval Of Additional Beneficiary Member Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-08
Catastrophe Containment And Relief Trust Fourth Tranche Of Debt Service Relief In The Context Of The Covid 19 Pandemic And Approval Of Additional Beneficiary Member Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-08 with Business & Economics categories.
The paper provides brief updates for each CCRT-eligible country on its policy responses to the pandemic and on staff’s assessments of these policies, the use of resources freed up by debt service relief, and the implementation of governance safeguards commitments. The paper also provides an update on the financial situation of the CCRT. The generous support from 17 donor countries and the EU has mobilized SDR 609 million in new pledges since the onset of the pandemic.
Feminism In Public Debt
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Author : Juan Pablo Bohoslavsky
language : en
Publisher: Policy Press
Release Date : 2024-05-16
Feminism In Public Debt written by Juan Pablo Bohoslavsky and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-16 with Political Science categories.
EPDF and EPUB available open access under CC-BY-NC-ND licence. As many developing countries are facing increasingly higher levels of debt and economic instability, this interdisciplinary volume explores the intersection of sovereign debt and women's human rights. Through contributions from leading voices in academia, civil society, international organizations and national governments, it shows how debt-related economic policies are widening gender inequalities and argues for a systematic feminist approach to debt issues. Offering a new perspective on the global debt crisis, this is an invaluable resource for readers who seek to understand the complex relationship between economics and gender.
2022 Review Of Adequacy Of Poverty Reduction And Growth Trust Finances
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-04-21
2022 Review Of Adequacy Of Poverty Reduction And Growth Trust Finances written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-21 with Business & Economics categories.
This paper provides the first review of the adequacy of PRGT finances since the comprehensive reform of the Poverty Reduction and Growth Trust (PRGT) in July 2021. It describes the lending response to the unprecedented pandemic-related demand; updates the PRGT demand scenarios and the estimates of the longer-term PRGT resource needs; reports on progress with the first stage of the two-stage PRGT funding strategy approved in July 2021; and outlines recent developments in the various debt relief initiatives and their status.
2023 Review Of Resource Adequacy Of The Poverty Reduction And Growth Trust Resilience And Sustainability Trust And Debt Relief Trusts
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Author : International Monetary Fund. Legal Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2023-04-26
2023 Review Of Resource Adequacy Of The Poverty Reduction And Growth Trust Resilience And Sustainability Trust And Debt Relief Trusts written by International Monetary Fund. Legal Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-26 with Business & Economics categories.
This paper provides an integrated perspective across the Trusts of the Fund. It is the first annual review that combines discussion of the adequacy of the resources of the Fund’s Poverty Reduction and Growth Trust (PRGT) and debt relief trusts, including the Catastrophe Containment and Relief Trust (CCRT), with that of the Resilience and Sustainability Trust (RST). The review of the PRGT assesses recent developments for lending demand, fundraising, and interest rates and compares them to the baseline projections underpinning the July 2021 reforms. A multi-pronged strategy is proposed to address identified strains on PRGT finances while minimizing negative effects for PRGT borrowers and preserving the confidence of PRGT lenders. On the recently established RST, this paper reports its fundraising progress; discusses demand developments and outlook for RST financing; assesses adequacy of loan resources and reserves; and examines, in view of increases in the SDR interest rate, the implications of adopting an interest rate cap at 21⁄4 percent for the lowest income group eligible for RST borrowing.
Statement By The Managing Director On The Work Program Of The Executive Board Executive Board Meeting December 3 2021
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-12-21
Statement By The Managing Director On The Work Program Of The Executive Board Executive Board Meeting December 3 2021 written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-21 with Business & Economics categories.
This Work Program puts forward an IMF Board agenda focused on activities of critical importance to our members. In line with the strategic directions laid out in the Fall 2021 Global Policy Agenda and the International Monetary and Financial Committee (IMFC) Communiqué, the Work Program supports three policy priorities: (i) vaccinate the world to combat the pandemic everywhere; (ii) calibrate bilateral and multilateral policies to support the recovery and reduce scarring and divergences; and (iii) accelerate the transformation of the global economy to make it greener, more digital, and inclusive. To deliver on this agenda, it is also important to ensure that the Fund remains appropriately equipped to maintain its role at the center of the global financial safety net.
2024 Update Of Resource Adequacy Of The Poverty Reduction And Growth Trust And The Debt Relief Trusts
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Author : International Monetary Fund. Finance Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-04-25
2024 Update Of Resource Adequacy Of The Poverty Reduction And Growth Trust And The Debt Relief Trusts written by International Monetary Fund. Finance Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-25 with Business & Economics categories.
This paper provides an update of the adequacy of the resources of the Fund’s Poverty Reduction and Growth Trust (PRGT) and the debt relief trusts. Demand for PRGT loans continued to exceed earlier projections. Total PRGT credit outstanding reached SDR 18.3 billion at end-2023, or three times the pre-pandemic average. PRGT fundraising targets under the 2021 two-stage funding strategy to support LICs during the pandemic and beyond were met. Work is underway to implement the pledges. Ensuring PRGT long-term sustainability is a priority, and balancing a level of PRGT lending that meets the demand from eligible countries while ensuring the long-term sustainability of the Trust will be taken up in the ongoing PRGT Review. The Catastrophe Containment and Relief Trust (CCRT) remains severely underfunded, after providing debt relief to the IMF’s poorest and most vulnerable members during 2020–22. The Heavily Indebted Poor Countries (HIPC) initiative is nearly complete. Somalia reached its Completion Point under the HIPC Initiative in December 2023, while Sudan’s prospects for reaching its HIPC Completion Point remain uncertain owing to domestic developments.
Republic Of Madagascar
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2022-11-16
Republic Of Madagascar written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-11-16 with Business & Economics categories.
Madagascar is exposed to a multitude of climate hazards such as tropical cyclones, droughts, and floods, which cause significant damage to key sectors, thereby undermining development efforts. Madagascar continues to develop strategies and policies for addressing climate change, including commitments under the Nationally Determined Contribution, natural disaster risk management, adaptation measures, and ongoing public financial management and public investment management reforms. Resilience to climate shocks and natural disasters can only be achieved through a combination of climate measures, public investment efficiency measures and public investments in both human capital and resilient infrastructure.
Democratic Republic Of S O Tom And Pr Ncipe Staff Report For 2022 Article Iv Consultation Fourth Review Under The Extended Credit Facility Arrangement Request For Waivers For Nonobservance Of Performance Criteria Modification Of Performance Criteria And Financing Assurances Review Press Release Staff Report And Statement By The Executive Director For S O Tom And Pr Ncipe
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-04-04
Democratic Republic Of S O Tom And Pr Ncipe Staff Report For 2022 Article Iv Consultation Fourth Review Under The Extended Credit Facility Arrangement Request For Waivers For Nonobservance Of Performance Criteria Modification Of Performance Criteria And Financing Assurances Review Press Release Staff Report And Statement By The Executive Director For S O Tom And Pr Ncipe written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-04 with Business & Economics categories.
São Tomé and Príncipe has maintained macroeconomic stability, despite many challenges. The COVID-19 pandemic exacerbated long-standing socio-economic vulnerabilities, which were further compounded by persistent energy shortages and damages from the floods in end-2021. Growth declined in 2021 with power outages, while a targeted expansion of the cash transfer and food support programs provided needed relief to the most vulnerable. Strong grant financing remains critical for mitigating the impact of the pandemic. Vaccinations are proceeding, although the new COVID-19 variants pose risks for protracting the impact of the pandemic and require renewed actions to mitigate those risks. Parliamentary elections are expected in October 2022.