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...
As global leaders begin to put together an international financing package to help low-income countries (LICs) recover from the COVID-19 crisis, they are looking to the International Monetary Fund (IMF) to be a critical financial and policy anchor for LIC’s sustainable economic recovery. We pro...
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...
With the Biden administration now setting US development policy, there are increased hopes for an new allocation of Special Drawing Rights (SDRs) from the IMF. One sticking point continues to be the distribution of the new SDRs.