IMF lifts limits on financial support facilities

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

The International Monetary Fund has raised the limits on several of its financial support facilities, as the effects of the Covid-19 pandemic continue to put huge strains on its finances and those of its members.

The executive board approved temporary increases in the annual limits on access to finance under the general resources account and the poverty reduction and growth trust (PRGT). The board was divided in its decision, with some members calling for stronger action and others warning of

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