Which IMF facility provides concessional financing to low-income countries through the Poverty Reduction and Growth Trust (PRGT), with zero interest rates and long repayment periods to support macroeconomic stability and pro-poor growth?
- Extended Credit Facility (ECF)
- Standby Credit Facility (SCF)
- Rapid Credit Facility (RCF)
- All of the above
Answer: All of the above
The PRGT offers three instruments: ECF for medium-term support with structural reforms; SCF for short-term balance of payments needs; RCF for urgent assistance without a program. All feature concessional terms, ensuring that debt sustainability is maintained while addressing development challenges.