WASHINGTON: The International Monetary Fund’s (IMF) executive board has approved the creation of a new facility to help low-income and most middle-income countries deal with longer-term challenges such as climate change and pandemics.
IMF managing director Kristalina Georgieva announced the approval of the new Resilience and Sustainability Trust (RST) in a statement after the board meeting, and said it would take effect from May 1, with a goal of raising at least US$45bil (RM190bil).
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
