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240607 ||| eng |
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|a 9798400261923
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|a Interim Review of Access Limits Under the Poverty Reduction and Growth Trust and Initial Considerations for Access Limits under the General Resource Account
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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300 |
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|a 42 pages
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653 |
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|a Provision and Effects of Welfare Program
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653 |
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|a Economics
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653 |
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|a Credit
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653 |
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|a Short-term Capital Movements
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653 |
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|a Political Economy
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653 |
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|a Monetary economics
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653 |
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|a Value of Firms
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653 |
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|a Current Account Adjustment
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653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Balance of payments
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653 |
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|a Balance of payments need
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653 |
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|a Exports and Imports
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653 |
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|a Social welfare & social services
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653 |
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|a International Lending and Debt Problems
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653 |
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|a International economics
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653 |
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|a Political economy
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653 |
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|a External debt
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653 |
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|a Debts, External
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653 |
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|a Social Services and Welfare
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653 |
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|a Poverty reduction strategy
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653 |
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|a Financial risk management
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653 |
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|a Capital and Ownership Structure
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653 |
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|a Credit risk
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653 |
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|a Goodwill
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653 |
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|a Banks and Banking
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653 |
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|a Poverty
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653 |
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|a Financial regulation and supervision
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653 |
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|a Debt sustainability
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653 |
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|a Monetary policy
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653 |
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|a Concessional external borrowing
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653 |
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|a Financial Risk and Risk Management
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653 |
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|a Financing Policy
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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653 |
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|a Financial services law & regulation
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653 |
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|a Government Policy
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710 |
2 |
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|a International Monetary Fund
|b Strategy, Policy, & Review Department
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a Policy Papers
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028 |
5 |
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|a 10.5089/9798400261923.007
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/007/2023/057/007.2023.issue-057-en.xml?cid=542561-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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520 |
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|a The interim review on PRGT access limits follows the call from the Executive Board in March 2023 and confirmed by the IMFC in October 2023. Low-income countries (LICs) face high economic uncertainty and pressures, while grappling with limited policy space and a funding squeeze. In March 2023, access limits under the General Resources Account (GRA) were temporarily increased for 12 months to give space for countries to face such economic pressures. The IMF Executive Board emphasized the importance of the alignment of the Poverty Reduction and Growth Trust (PRGT) access limits with those of the GRA that was achieved in 2021. The Board also agreed that, once substantial progress with PRGT fundraising toward the SDR 2.3 billion first-stage target for subsidy resources agreed in 2021 has been made—with total pledges of SDR 2 billion or more—access limits under the PRGT would be reviewed at an ad hoc interim review. This target has now been reached, paving the way for the review, also called for by the IMFC during the Annual Meetings in October 2023, in a context where the LICs’ economic challenges have further increased, including due to the risk of additional negative spillovers on the global economy stemming from the current geopolitical tensions and conflicts
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