The International Monetary Fund (IMF) has announced a plan to raise $8 billion to reduce poverty in low-income countries.
The International Monetary Fund has announced a plan to raise $8 billion to reduce poverty in low-income countries.
Commenting on the development, Kristalina Georgieva, IMF managing director, said the IMF approved a comprehensive reform and financing plan aimed at strengthening its support for low-income countries.“Our membership today has adopted a comprehensive reform and financing package for the PRGT to bolster the IMF’s support to low-income countries,” Georgieva said.
Georgieva said the agreement comes at a crucial time, as low-income countries face significant financing needs following a series of unprecedented shocks.
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