Policy Papers Volume 2026 Issue 004: 2026 Update of Resource Adequacy of the Poverty Reduction and Growth Trust, Resilience and Sustainability Trust, and Debt Relief Trusts (2026)

Jump to Content

This site uses cookies, tags, and tracking settings to store information that help give you the very best browsing experience. Dismiss this warning

Buy Book in Print

2026 Update of Resource Adequacy of the Poverty Reduction and Growth Trust, Resilience and Sustainability Trust, and Debt Relief Trusts

Author:

International Monetary Fund. Finance Dept.

International Monetary Fund. Finance Dept.
Search for other papers by International Monetary Fund. Finance Dept. in
Current site
Google Scholar

Series:: Policy Papers

Volume/Issue:: Volume 2026: Issue 004

Language:: English

Publication Date:: 26 Mar 2026

DOI:: https://doi.org/10.5089/9781475553178.007

ISBN:: 9781475553178

ISSN:: 2663-3493

Pages:: 62

Keywords:: Poverty Reduction and Growth Trust (PRGT); Resilience and Sustainability Trust (RST); Catastrophe Containment and Relief Trust (CCRT); Heavily Indebted Poor Countries (HIPC); Resource adequacy; Concessional financing; Fundraising; PRGT Review; PRGT lending; RST lending; Credit risk; Debt relief; Subsidy resources; Low-income countries; PRGT subsidy assurances; GRA distribution framework; Interim Placement Administered Account (IPAA); Self-sustained annual lending capacity; Resilience and Sustainability Facility (RSF); Rst resource; Prgt assurance; Prgt finances; Prgt credit risk; IMF staff; Sovereign debt restructuring; Credit; Debt service; Loans; Global; Middle East; Central Asia

Series:: Policy Papers

Volume/Issue:: Volume 2026: Issue 004

Language:: English

Publication Date:: 26 Mar 2026

DOI:: https://doi.org/10.5089/9781475553178.007

ISBN:: 9781475553178

ISSN:: 2663-3493

Pages:: 62

Keywords:: Poverty Reduction and Growth Trust (PRGT); Resilience and Sustainability Trust (RST); Catastrophe Containment and Relief Trust (CCRT); Heavily Indebted Poor Countries (HIPC); Resource adequacy; Concessional financing; Fundraising; PRGT Review; PRGT lending; RST lending; Credit risk; Debt relief; Subsidy resources; Low-income countries; PRGT subsidy assurances; GRA distribution framework; Interim Placement Administered Account (IPAA); Self-sustained annual lending capacity; Resilience and Sustainability Facility (RSF); Rst resource; Prgt assurance; Prgt finances; Prgt credit risk; IMF staff; Sovereign debt restructuring; Credit; Debt service; Loans; Global; Middle East; Central Asia

Download PDF (2.5 MB) Download Epub

This paper provides an update of the resource adequacy of the Fund’s concessional financing trusts. Poverty Reduction and Growth Trust (PRGT) finances remain adequate, broadly in line with expectations at the completion of the 2024 PRGT Facilities and Financing Review and the 2025 adequacy update. The lending outlook is largely unchanged, with projected additional demand in 2026-27 expected to offset lower-than-anticipated new loan commitments in 2025. While progress has been made in securing assurances from members under the framework to distribute GRA resources to facilitate the generation of additional PRGT subsidy resources, broader support is essential to reach the 90-percent threshold. On the Resilience and Sustainability Trust (RST), based on updated projections, there are sufficient resources to meet the demand pipeline at least through 2028. The RST’s reserves remain adequate and the interest rate cap for Group A countries remains appropriate, though risks have increased. The Catastrophe Containment and Relief Trust (CCRT) remains underfunded and its next comprehensive review provides an opportunity to address its financing challenges. The Heavily Indebted Poor Countries (HIPC) initiative is nearly complete, although Sudan’s progress towards the Completion Point continues to be delayed. Staff assesses that risks to the finances of the PRGT and RST are appropriately mitigated. Based on its assessment of the trusts, and pending the outcome of the planned CCRT Review and amid ongoing efforts to secure PRGT assurances, staff does not propose any adjustments or policy changes pertaining to the Fund’s concessional financing trusts.

Save
Cite
Email this content

Share Link

Copy this link, or click below to email it to a friend
Email this content
or copy the link directly:

https://www.elibrary.imf.org/view/journals/007/2026/004/007.2026.issue-004-en.xml
The link was not copied. Your current browser may not support copying via this button.

Link copied successfully

Collapse
Expand
Top

Policy Papers

ISSN:: 2663-3493

Publisher:: International Monetary Fund

Topics

Countries

Series

About

Resources

Share Link

Metrics