The International Monetary Fund is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries.
The initiative is to help them build resilience to balance off payments shocks and set them on the path to sustainable recovery by the end of 2022.
The RST’s central objective is to provide affordable long-term financing to support countries as they tackle structural challenges.
According to Washington-based lender, the pandemic and climate change are threatening macroeconomic stability and growth..
– Punch