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CGD NOTES
February 09, 2021
The IMF’s concessional support for low-income countries (LICs) is provided primarily through the Poverty Reduction and Growth Trust (PRGT). Since the start of the pandemic, lending from the PRGT has risen very sharply in response to the unprecedented and urgent needs of LICs; total PRGT credit outst...
CGD NOTES
February 04, 2021
The pandemic, people’s response to fend off contagion, and the measures designed to contain the spread of the virus took an enormous toll on the region’s living standards. Governments faced the challenge of reaching three groups of people: formal sector workers in social security (and their dependen...
CGD NOTES
February 04, 2021
Since Covid-19 emerged there have been numerous calls for an allocation of Special Drawing Rights (SDRs) as part of a broader effort to assist low-income countries (LICs) in dealing with the fallout from the pandemic. So far, these calls have been thwarted by political opposition from some of the IM...