IMF extends higher loan caps for low-income countries

PRGT will be able to hand out bigger credits through end of 2024

The IMF's second HQ building
Photo: Henrik Gschwindt de Gyor/IMF

The International Monetary Fund has extended a measure to allow larger loans to lower-income countries because of worsening financial conditions, it announced on December 15.

The IMF adopted rules in 2016 that capped loans to those countries from the two major fund accounts at 135% of their IMF quota annually. The measure applied to loans from the General Resources Account (GRA) and the Poverty Reduction and Growth Trust (PRGT). Cumulatively, member states’ loans could not normally exceed 435% of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account