IMF Announces Operationalisation Of Facility To Help Vulnerable Countries Meet Challenges - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
October 13, 2022
Managing Director, International Monetary Fund IMF, Kristalina Georgieva, has announced the operationalisation of the Resilience and Sustainability Trust RST, to help vulnerable countries meet long-term challenges.
Georgieva announced this in a statement obtained from the IMF website by today in Abuja.
According to her, the new RST has become operational. Today, I notified the Executive Board that with our fundraising to date, the RST is ready to start lending operations.
She said as the IMF’s first-ever facility to provide long-term affordable financing, the RST aims to support countries build resilience to structural challenges, such as climate change and pandemics.
Georgieva said this would help maintain longer-term economic and financial stability while catalysing other public and private financing.