IMF gets $40bn for nations hit by Russia war
Published On April 25, 2022 » 1235 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI –
THE International Monetary and Financial Committee (IMFC) has received $40 billion in commitments towards Resilience and Sustainability Trust (RST) to help countries ravaged by the Russian war on Ukraine.
The new IMF tool was created to service members needing longer maturity for longer term transformation, in particular climate change and pandemics, received significant financial backing. Twelve countries stepped forward to support the RST.
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