IMF Lends Near-Record $171 Billion to Address Debt, Conflicts, and Poverty
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The International Monetary Fund (IMF) has been lending near a record amount of $171 billion to nearly 100 countries to address the challenges of debt, conflicts, and poverty. The IMF credit outstanding, which measures the money disbursed by the fund, reached approximately $151 billion at the end of February .
Treasury Secretary Janet Yellen revealed that the recently passed $1.2 trillion government funding bill includes provisions allowing the United States to lend up to $21 billion to an International Monetary Fund (IMF) trust. The funding is aimed at aiding the world's poorest nations and positioning the United States as the principal supporter of the IMF's Poverty Reduction and Growth Trust (PRGT) [1985c728, 0c41ffb6].
The PRGT offers zero-interest rate loans to assist low-income coun...
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