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.
