New Concessionality Limits for Fund Programme
Thursday, 01 October 2009 13:23
The Fund has proposed a new matrix-type framework for determining borrowing limits in Fund programmes. Instead of the one-size fits all approach, the Fund proposes that nonconcessional borrowing limits reflect low income countries’ capacities, as measured by its CPIA rating, and its external debt distress rating resulting from the DSF DSAs.
For more information go to www.imf.org/external/np/pp/en