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IMF: The Executive Board has approved a new fund to help low and middle-income countries

2022-04-14T04:47:22.034Z


Washington, SANA- The Executive Board of the International Monetary Fund announced today that it approved the establishment of a new facility to assist the country


Washington-Sana

The Executive Board of the International Monetary Fund announced today that it approved the creation of a new facility to help low-income and middle-income countries at risk deal with long-term challenges such as climate change and pandemics.

Reuters quoted the Managing Director of the International Monetary Fund, Kristalina Georgieva, as saying in a statement, “The Executive Board has approved the Trust Fund for Resilience and Sustainability,” noting that it will start working as of May 1.

It is noteworthy that the International Monetary Fund lowered its forecasts for global economic growth rates for 2022 to 4.4 percent from 4.9 percent, and for 2023, expectations reached 3.8 percent, down from 3.6 percent.

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Source: sena

All news articles on 2022-04-14

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