This report examines whether the IMF's Poverty Reduction and Growth Trust (PRGT) lending facilities have been delivering poverty reduction and growth to low-income countries. It finds that there was an increase in overall spending in almost all LICs in 2009-10, but in 2010-12 most IMF programme countries are cutting overall spending, while most non-programme countries are not: as a result, PRGT countries' spending will be almost the same as % of GDP in 2012 as in 2008, while that of other LICs will be 2.3% of GDP higher. Health spending will have decreased as % of GDP during 2009-11 for 68% of IMF programme countries, but only 53% of non-IMF countries. The report recommends 9 important steps to enhance PRGT focus on poverty reduction and growth.
Who is spending what on the Sustainable Development Goals