Background

Background

Advocacy

The recommendation of a policy.

6 September 2005 | Glossary

Background

Transnational Corporation

Companies which operate in more than one country but retains ownership and control in its home country.

6 September 2005 | Glossary

Background

Safeguard Policies

These address environmental social rural and legal issues of Bank operations. They affect the quality of all Bank products and services.

6 September 2005 | Glossary

Background

PRGF Programme

Programme supported by the Poverty Reduction and Growth Facility.

6 September 2005 | Glossary

Background

National Strategy for Sustainable Development

A national action plan to achieve sustainable development goals. Each country is required to produce such a plan, after an agreement was reached at the UN Rio + 5 Conference.

6 September 2005 | Glossary

Background

IMF Letter of Intent

Letter from a government to the IMF outlining planned economic reforms to be made in relation to receiving an IMF loan. It includes a matrix of conditions that must be implemented in order to access the IMF's resources.

6 September 2005 | Glossary

Background

General Agreement to Borrow

Special arrangement under which several industrialised countries stand ready to provide substantial temporary loans to the IMF to allow it to lend extra resources to countries to arrest crises which risk impairing the international monetary system.

6 September 2005 | Glossary

Background

Enhanced Structural Adjustment Facility

Facility established in 1987 to provide assistance on concessional terms to low-income member countries facing protracted balance of payments problems. Has been replaced in 2000 by the Poverty Reduction and Growth Facility (PRGF).

6 September 2005 | Glossary

Background

Country Economic Memoranda

Included under final Country Economic and Sector Work Reports, which include a broad range of documents on borrower country economies and sectors.

6 September 2005 | Glossary

Background

Accountability

Providing an explanation for or justification of one's actions.

6 September 2005 | Glossary

Background

Technical Cooperation

Includes both (1) Grants to nationals of aid recipient countries receiving education or training at home or abroad and (2) Payments to consultants, advisors and similar personnel in recipient countries.

6 September 2005 | Glossary

Background

Resettlement Plan

Interest and principal payment on an IMF loan.

6 September 2005 | Glossary