Reuters exclusively reports IMF eyes new trust to provide aid to broader group of countries

Last Updated on 19/06/2021 by


Business & Finance

Reuters exclusively reported that the International Monetary Fund (IMF) is exploring creation of a new trust that could allow its members to lend their IMF reserves to more countries, including middle-income countries vulnerable to climate change. IMF chief Kristalina Georgieva told Reuters in an interview that leaders of the Group of Seven rich economies had given the IMF a ‘green light’ to keep working on the plan, and China – the world’s second largest economy – had also expressed interest, along with middle-income countries that stand to benefit from such a fund.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Economy & Policy

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story





Source link