IMF’s Poverty Reduction and Growth Trust Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Rishi Sunak
Main Page: Rishi Sunak (Conservative - Richmond (Yorks))Department Debates - View all Rishi Sunak's debates with the HM Treasury
IMF’s Poverty Reduction and Growth Trust
Rishi Sunak Excerpts(3 years, 12 months ago)
Written StatementsRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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]