The interim review on PRGT access limits follows the call from the Executive Board  in March 2023 and confirmed by the IMFC in October 2023. Low-income countries (LICs) face high economic uncertainty and pressures, while grappling with limited policy  space and a funding squeeze. In March 2023, access limits under the General Resources  Account (GRA) were temporarily increased for 12 months to give space for countries to  face such economic pressures. The IMF Executive Board emphasized the importance of  the alignment of the Poverty Reduction and Growth Trust (PRGT) access limits with  those of the GRA that was achieved in 2021. The Board also agreed that, once  substantial progress with PRGT fundraising toward the SDR 2.3 billion first-stage target  for subsidy resources agreed in 2021 has been made—with total pledges of SDR 2  billion or more—access limits under the PRGT would be reviewed at an ad hoc interim  review. This target has now been reached, paving the way for the review, also called for  by the IMFC during the Annual Meetings in October 2023, in a context where the LICs’  economic challenges have further increased, including due to the risk of additional negative spillovers on the global economy stemming from the current geopolitical  tensions and conflicts.