Following further weakening of global growth and low-income countries' declining ability to weather the crisis, the IMF approved a second extension to the exceptional interest waiver on loans under its Poverty Reduction and Growth Trust (PRGT). The move, approved by the IMF Executive Board December 21, extends the waiver through 2014. In addition, the IMF announced a postponement by one year, to end 2014, of the next review of PRGT interest rates.