Interim Review of The Resilience and Sustainability Trust and Review of Adequacy of Resources

International Monetary Fund

No 2024/031, IMF Policy Papers from International Monetary Fund

Abstract: The Resilience and Sustainability Trust (RST) provides affordable longer-term financing to help eligible IMF members address longer-term structural challenges, thereby progressing toward strengthening their prospective balance of payments stability. This paper takes stock of the initial experience with the RST—focusing on progress and challenges so far—and proposes fine-tuning RST design with a view to strengthening implementation of the Trust’s objectives. The paper also provides an assessment of the adequacy of the Trust’s resources and finds that increased near-term fundraising will be needed to meet strong demand. The Trust’s reserves remain adequate in the baseline and under a range of risk scenarios.

Keywords: Resilience; sustainability; financing; climate change; pandemics; policy; RSF arrangement; reform package; RST design; RST financing; RST fundraising target; Climate finance; Climate policy; Natural disasters; Global (search for similar items in EconPapers)
Pages: 72
Date: 2024-06-24
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfpps:2024/031

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