EU Contributes €100 Million To IMF’s Poverty Reduction And Growth Trust To Support Vulnerable African, Caribbean And Pacific countries

The EU signed Friday a €100 million grant agreement (about US$97.2 million) for the International Monetary Fund’s (IMF) Poverty Reduction and Growth Trust (PRGT). These funds will allow the IMF to make about €630 million worth of zero interest loans for PRGT-eligible countries, including African, Caribbean and Pacific...