Programme supported by the Poverty Reduction and Growth Facility.
Background
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.
Background
Poverty Reduction and Growth Facility
The IMF's concessional lending facility, which provides finance for Poverty Reduction Strategy Papers (PRSPs). Previously, this facility was called the Enhanced Structural Adjustment Facility (ESAF).
Background
Northern Countries
High-income countries. Otherwise known as Developed countries.
Background
International Monetary Fund
The IMF is an international organization of 183 member countries, established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
