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IMF Poverty Reduction and Growth Trust

Statement made on 12 May 2020

Statement UIN HCWS228


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.

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This statement has also been made in the House of Lords

IMF Poverty Reduction and Growth Trust
Lord Agnew of Oulton
Minister of State
Conservative, Life peer
Statement made 12 May 2020