IMFC backs new trust to channel resources to vulnerable economies

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

The International Monetary and Financial Committee says it backs a proposed trust that would allow the International Monetary Fund to channel resources to a wider range of needy countries.

The IMFC – one of the IMF’s top advisory bodies – said on October 14 that it supported the creation of the Resilience and Sustainability Trust. Unlike the existing Poverty Reduction and Growth Trust, which is targeted at the poorest nations, the RST could be used to offer support to middle-income countries

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