Policy Papers

2025 Handbook of IMF Facilities for Low-Income Countries

April 23, 2025

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Format: Chicago

International Monetary Fund. Strategy, Policy, & Review Department, International Monetary Fund. Legal Dept., and International Monetary Fund. Finance Dept. "2025 Handbook of IMF Facilities for Low-Income Countries", Policy Papers 2025, 010 (2025), accessed April 25, 2025, https://doi.org/10.5089/9798229009317.007

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Summary

This Handbook provides guidance to staff on the IMF’s facilities available to countries eligible to obtain concessional financing from the Fund under the PRGT, namely low-income countries (LICs). It updates the previous version of the Handbook that was published in March 2023 by incorporating modifications resulting from the 2024 Review of the Poverty Reduction and Growth Trust (PRGT) Facilities and Financing and other recent policy papers. Designed as a comprehensive reference tool for program work in LICs, this Handbook also refers, in summary form, to a range of relevant policies that apply more generally to IMF members. As with all guidance notes, the relevant IMF Executive Board decisions, including the terms of the various LIC Trust Instruments that have been adopted by the Board, remain the primary legal authority on the matters covered in this Handbook.

Subject: Arrears, Asset and liability management, Balance of payments, Balance of payments need, Concessional external borrowing, Credit, Debt Relief, Debt sustainability, Debt sustainability analysis, External debt, Money, Poverty, Poverty reduction and development, Poverty reduction strategy, Public debt

Keywords: Arrears, Balance of payments need, Concessional external borrowing, Credit, Debt relief, Debt sustainability, Debt sustainability analysis, Extended Credit Facility arrangement, External debt, Global, IMF Concessional Lending Facilities, Low-income countries, Poverty reduction and development, Poverty Reduction and Growth Trust, Poverty reduction strategy, Rapid Credit Facility, Staff Monitored Program, Standby Credit Facility arrangement

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