March 27, 2024Business Desk

US government passes $1.2 trillion funding bill to aid IMF

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

Source: Pexels

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

Source: Pexels

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

Source: Pexels

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

Source: Pexel