IMF lending facility for climate, pandemic preparedness is ready - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 13/10/2022 9:18 AM
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The International Monetary Fund’s Resilience and Sustainability Trust is now operational, adding an important financing instrument to help countries deal with climate change, pandemics and other longer-term issues.

International Monetary Fund Managing Director Kristalina Georgieva.

She said members could start applying for the funds, which will offer 20-year maturities and a 10.5-year grace period, and the board would review applications in coming months. It allows richer IMF members to channel their Special Drawing Rights, or emergency reserves, to help vulnerable countries on the target issues.

Write Comment

All I know is that even the children of these media personnel will live with us in this heavily indebted country.

BS. Not in the history of ever has the IMF helped anything or anyone.

IMF economic hitmans are ready.

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