IMF opens long-term lending initiative

IMF headquarters in Washington, DC
IMF headquarters in Washington, DC

The International Monetary Fund’s new Resilience and Sustainability Trust is now operational, managing director Kristalina Georgieva announced on October 12.

Georgieva said the RST is “the IMF’s first ever facility to provide long-term affordable financing”. The trust will sustain investments and projects that “build resilience to structural challenges” and “help maintain long-term economic and financial stability”.

The trust will offer 20-year funding packages to “low-income and vulnerable

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