IMF has reached goal to add $3 billion to trust fund for poorest countries-Georgieva

The International Monetary Fund has met its fundraising target to increase concessional trust fund resources for the world's poorest countries by $3 billion, IMF Managing Director Kristalina Georgieva said on Saturday. Georgieva said in a statement that the contributions completed during IMF and World Bank annual meetings in Morocco "will allow the IMF to continue to support low-income countries with zero-interest rate financing to meet their evolving needs." Georgieva said 40 countries had stepped up to contribute, and one-third were emerging-market economies.