IMF’s Poverty Reduction and Growth Trust

Tuesday 12th May 2020 Written Statements

[The Chancellor of the Exchequer (Rishi Sunak)]

The Government have today augmented the UK’s 2010 agreement to lend to the International Monetary Fund’s poverty reduction and growth trust by a total of 2 billion special drawing rights (approximately £2.2 billion) to support economic recovery and response to covid-19 in the most vulnerable countries. This takes the total UK agreement to up to 4 billion special drawing rights (approximately £4.4 billion). A copy of the agreement will be deposited in the Libraries of both Houses in due course.

[HCWS228]