The use of technology for communication and information dissemination.
Background
Background
Developing Countries
A definition employed by the DEC to categorise countries eligible for Official Development Assistance.
Background
Repurchase
Repayments on loan to IMF.
Background
New Arrangement to Borrow
Arrangements under which 25 member countries would be ready to lend to the IMF under circumstances similar to those covered by the General Arrangements to Borrow.
Background
G-77
Group established in June 1964 by 77 developing countries to promote the collective economic interests of its members and enhances their joint negotiating capacity on major economic issues.
Background
Concessional Loan
Loan provided to poorest countries with lower interest rates and longer repayment periods than typical or standard market or multilateral loans, i.e. less than market interest rates and extended grace period. Also known as a soft loan.
Background
World Bank Board
A committee of highly-ranked individuals who make final decisions regarding all relevant issues on behalf of the institution.
Background
Poverty Reduction Strategy Paper
PRSPs describe the country's macroeconomic, structural and social policies and programmes to promote growth and reduce poverty, as well as associated external financing needs and major sources of financing. In order for a country to qualify for multilateral debt relief, it must produce a PRSP.
Background
International Monetary and Finance Committee
This is comprised of IMF governors. It meets twice a year and is the political governing body of the IMF.
Background
ESAF-HIPC Trust
The trust for special ESAF operations for the Heavily Indebted Poor Countries (HIPC) and Interim ESAF operations. The trust was established in February 1997 to channel special assistance to eligible HIPCs.
Background
Balance of Payments
An overall statement of a country's economic transactions with the rest of the world over some period of time, consisting of the current account, capital account and changes in official foreign exchange reserves. This BOP can also refer to the difference in total receipts and expenditure for any category.
Background
Strategic Partnership for Africa
Major coordinating instrument for aid to Africa. Group of bilateral donors and multilateral lenders who provide resources to African countries.
