Proud To Be Canadian – My Country Just Renewed Its Commitment To Actively Support Low Income Countries
Canada is to contribute up to US$677.5 million in new loan resources for low-income nations. This support will be channeled via the Poverty Reduction and Growth Trust managed by the International Monetary Fund (IMF).
Canada’s support is a critical element in the IMF’s concessional lending to low income countries. As the IMF explains, Canada’s support is vital – this contribution…
“puts Canada among the first seven countries to provide new PRGT loan resources under the current fund-raising campaign to increase resources available for concessional lending.”
Go Canada go!