"This paper provides background material to the Board paper on “The Role of the Fund in Low Income Countries.” The main paper outlines a comprehensive approach for Fund engagement with Low-Income Countries (LICs) going forward. The background material in this paper provides a comprehensive stock-taking of the Fund’s involvement and policy advice in LICs since the establishment of the Poverty Reduction and Growth Facility (PRGF) in 1999." (Quoted from paper)