🧵 1. Treasury Secretary Yellen announces $21 billion lending for IMF trust to assist the world's poorest countries with zero-interest rate loans for economic stability and growth. #finance
🧵 1. Treasury Secretary Yellen announces $21 billion lending for IMF trust to assist the world's poorest countries with zero-interest rate loans for economic stability and growth. #finance
🧵 2. President Biden signs a $1.2 trillion funding bill to support low-income countries. The U.S. becomes the largest backer of the IMF’s Poverty Reduction and Growth Trust.
🧵 3. IMF's zero-interest loans have aided over 50 countries during the pandemic. Demand for PRGT lending expected to reach $40 billion this year amid economic challenges worldwide.
🧵 Read more at: https://www.investing.com/news/economy/treasurys-yellen-says-funding-bill-allows-lending-of-21-billion-to-imf-trust-3350542