IMF urged to create new trust to bolster work on climate resilience

by Andrea Shalal, editing by Aurora Ellis | October 4, 2021 | Published by Reuters | READ THE STORY HERE WASHINGTON, Oct 4 (Reuters) - The International Monetary Fund (IMF) should create a new instrument that lets richer countries channel their newly created IMF reserves to help a broader set of countries tackle the COVID-19 pandemic and climate change, a new task force said Monday. IMF officials have sought for months to rally support for a new Resilience and Sustainability Trust (RST) that its members could use to donate or lend their share of $650 billion in newly issued Special Drawing Rights [...]

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