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  • 标题:The IMF’s concessional lending policy: situation and outlook
  • 本地全文:下载
  • 作者:Xavier Serra Stecher
  • 期刊名称:Boletín Económico
  • 印刷版ISSN:0210-3737
  • 出版年度:2018
  • 期号:2
  • 出版社:Banco de España
  • 摘要:The IMF is made up of 189 member countries. Close to 40% of these are low-incomecountries, whose population – at the aggregate level – accounts for 15% of the populationof all the members. The voting power of these countries in the IMF’s decision-makingbodies is 5%, and their relative economic weight, measured by GDP, around 2.5% of thetotal (see Table 1).In addition to performing its traditional functions1, the IMF engages in specific activitiesaimed at the group of low-income countries. In particular, since 1976 it has financedprogrammes for growth and poverty-reduction under concessional arrangements (withsubsidised interest rates, and relatively long grace periods and maturities); since 1996 ithas forgiven the debt incurred by countries that accredit their over-indebtedness andpursue ad hoc programmes; and since 2005 it has supported the implementation ofprogrammes without financing for supervisory and signalling purposes (see Box 1).
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