Examining the context for rural development and poverty reduction in the Caribbean. In the region, social progress is reflected in better ranking of many Caribbean countries in the HDI. However, data may be masking inequalities and social deprivation. While many countries have made considerable progress in health, education and income, there are still major challenges to overcome poverty, specially rural poverty.

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29. Amount Amount
Country Facility Duration Agreed Agreed Program Objective
SDR (Million) US$ (Million)
The program will support the country’s
Standby
820.5 1,270 economic reforms and help it cope with the
Arrangement
consequences of the global downturn.
The program will support the authorities’ efforts
Standby
Jun 2010 - Jun 2013 81 118 to restore fiscal and debt sustainability and set
Arrangement
the stage for a sustained recovery.
The main goal is to foster macroeconomic
stability and put the public debt on a firmly
Standby
Jul 2011 - Jul 2014 52.51 84 declining path, which is expected to contribute
Arrangement
to higher economic growth and improved living
standards for all members of the society.
The Extended Credit Facility (ECF) provides
financial assistance to countries with
protracted balance of payments problems. The
ECF was created under the newly established
Extended Credit
8.78 13.5 Poverty Reduction and Growth Trust (PRGT)
Facility
as part of a broader reform to make the Fund’s
financial support more flexible and better
tailored to the diverse needs of low income
countries (LICs), including in times of crisis.

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