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International Monetary Fund

assist in fulfilling the purposes of the Fund by providing balance of payments assistance in the form of grants (“Trust grants”) to eligible low-income members that qualify for assistance as set forth in Section III of this Instrument. Such members may request balance of payments assistance in accordance with the terms of this Instrument under either: (a) the Post-Catastrophe Relief Window (PCR window), in the form of grants that shall be used to deliver temporary relief of debt service payments (interest and principal) on such members’ eligible debt (“debt flow

International Monetary Fund
This paper sets forth the proposed decisions and related legal instruments that are needed to implement the transformation of the the Post-Catastrophe Debt Relief Trust (the “PCDR Trust”) into the Catastrophe Containment and Relief Trust (the “CCR Trust” or “Trust”), as described in the Proposal to Enhance Fund Support for Low-Income Countries Hit by Public Health Disasters and as presented in an informal session to brief Executive Directors on January 28, 2015. The paper summarizes key aspects of the proposed decisions and related instruments, in particular the new CCR Trust Instrument. The proposed reforms envisage the transformation of the PCDR Trust into the CCR Trust through an amendment of the PCDR Trust Instrument.
International Monetary Fund

the Catastrophe Containment and Relief Trust (the “CCR Trust” or “Trust”), which shall be administered by the Fund as Trustee (the “Trustee”). The Trust shall be governed by, and administered in accordance with, the following provisions: Section I. General Provisions Paragraph 1. Purposes The Trust shall assist in fulfilling the purposes of the Fund by providing balance of payments assistance in the form of grants (“Trust grants”) to eligible low-income members that qualify for assistance as set forth in Section III of this Instrument. Such members may

International Monetary Fund

of the member pursuant to paragraph 4(b) below, a Trust grant in the amount that is necessary to repay the member’s eligible debt to the Fund falling due within the period specified in (i) above. For the purposes of this paragraph, eligible debt shall be defined as all of the member’s debt to the Fund (including to the Fund as Trustee) that was outstanding as of the date of the determination by the Fund that the member is qualified to receive grant assistance under this window, and in respect of which the member had made regular scheduled debt service payments

International Monetary Fund
In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to deliver grants for debt relief benefiting eligible low-income countries in the wake of catastrophic natural disasters and major, fast-spreading public health emergencies.
International Monetary Fund

In direct response to the COVID-19 crisis theIMF Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT)