WASHINGTON (Reuters) – The International Monetary Fund expects to members to make “significant” pledges of support for its newly approved Resilience and Sustainability Trust during the IMF-World Bank spring meetings beginning this week, a senior IMF official said.
The IMF’s board approved creation of the new trust last week to help low-income and most middle-income countries deal with longer-term challenges such as climate change and pandemics, with a goal of raising at least $45 billion.
Craig Beaumont, deputy director of the IMF’s Finance Department, said officials expected significant pledges to come in, although it could take longer to reach the full target.
(Reporting by Andrea Shalal)
