IMF expects ‘significant’ pledges for new RST trust during spring meetings – official
2022.04.18 16:36
FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
WASHINGTON (Reuters) – The International Monetary Fund expects to members to make “significant” pledges of support for its newly approved Resilience and Sustainability Trust during the IMF-World Bank spring meetings beginning this week, a senior IMF official said.
The IMF’s board approved creation of the new trust last week to help low-income and most middle-income countries deal with longer-term challenges such as climate change and pandemics, with a goal of raising at least $45 billion.
Craig Beaumont, deputy director of the IMF’s Finance Department, said officials expected significant pledges to come in, although it could take longer to reach the full target.
