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The US approved a $1.2 trillion funding bill, making it the largest supporter of the IMF's PRGT, providing zero-interest loans to low-income countries.
The US government has approved a $1.2 trillion funding bill, enabling the US to lend up to $21 billion to the International Monetary Fund's (IMF) Poverty Reduction and Growth Trust (PRGT).
This makes the US the largest supporter of the PRGT, which provides zero-interest loans to low-income countries for economic stabilization, growth, and debt sustainability.
Since the start of the pandemic, the IMF has supported over 50 low-income countries with $30 billion in interest-free loans through the PRGT, with demand expected to reach nearly $40 billion this year.
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Estados Unidos aprobó un proyecto de ley de financiación de 1,2 billones de dólares, lo que lo convierte en el mayor partidario del PRGT del FMI, que otorga préstamos sin interés a países de bajos ingresos.