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Tag Archives: Special Drawing Rights (SDR)

New Trust To Help ‘Vulnerable’ Countries Unveiled By IMF

New Trust To Help ‘Vulnerable’ Countries Unveiled By IMF

The International Monetary Fund -IMF has set aside plans to raise at least $45bn for a new trust to help them cope with protracted challenges. Some of the challenges mentioned include pandemics, climate change, among others. The crisis lender’s Resilience and Sustainability Trust (RST), based in Washington came into effect on May 1. It is in addition to a $650bn ...

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