The recommendation of a policy.
Background
Background
Transnational Corporation
Companies which operate in more than one country but retains ownership and control in its home country.
Background
Safeguard Policies
These address environmental social rural and legal issues of Bank operations. They affect the quality of all Bank products and services.
Background
PRGF Programme
Programme supported by the Poverty Reduction and Growth Facility.
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.
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.
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.
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).
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.
Background
Accountability
Providing an explanation for or justification of one's actions.
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.
Background
Resettlement Plan
Interest and principal payment on an IMF loan.
