Treasury’s Yellen says funding bill allows lending of $21 billion to IMF trust

April 7, 2024

WASHINGTON (Reuters) -A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday. Yellen said the funding would make the United States the largest supporter of the IMF’s Poverty Reduction and Growth Trust (PRGT), which provides zero-interest rate loans to support low-income countries as they work to stabilize their economies, boost growth and improve debt sustainability. President Joe Biden signed the bill on Saturday after the Senate passed after midnight, averting a government shutdown.


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