IMF board approves policy reforms to support low-income nations
In the first stage, the IMF will seek to secure about $4 billion in subsidy resources needed to finance zero interest lending from the PRGT
File photo
The executive board of the International Monetary Fund (IMF) has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries (LICs) from the Covid-19 pandemic. These reforms are set to ensure that the Fund has the capacity to respond flexibly to LICs needs over the medium term while continuing to provide concessional loans at zero interest rates, the IMF said on Thursday in a statement.
IMF board approves big lending increase for poorest nations – Manila Bulletin
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Le FMI approuve une hausse de ses capacités de prêts pour les pays pauvres
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