02079cas a2200277 a 4500 AALejournalIMF021892 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513589633 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Fund Concessional Financial Support For Low-Income Countries-Responding To The Pandemic. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (155 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper proposes a package of policy reforms and a funding strategy to ensure that the Fund has the capacity to respond flexibly to LICs' needs during the pandemic and recovery. The key policy reforms proposed include: -- raising the normal annual/cumulative limits on access to PRGT resources to 145/435 percent of quota, the same thresholds for normal access in the GRA; -- eliminating the hard limits on exceptional access (EA) to PRGT resources for the poorest LICs, enabling them to obtain all financing on concessional terms if the EA criteria are met; -- changes to the framework for blending concessional and non-concessional resources to make it more robust and less complex; -- stronger safeguards to address concerns regarding debt sustainability and capacity to repay the Fund; and -- retaining zero interest rates on PRGT loans, consistent with the established rules for setting these interest rates. Mode of access: Internet Health Behavior imf Monetary Policy imf Political Economy imf Policy Papers; Policy Paper ; No. 2021/053 Full text available on IMF http://elibrary.imf.org/view/journals/007/2021/053/007.2021.issue-053-en.xml IMF e-Library