US government passes $1.2 trillion funding bill to aid IMF

March 27, 2024 Business Desk

IMF's Poverty Reduction and Growth Trust (PRGT) gets a boost.

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US emerges as the largest supporter of IMF's PRGT.

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IMF's PRGT: A vital lifeline for low-income countries.

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The approval comes at a critical time, with demand for PRGT lending expected to reach nearly $40 billion this year.

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