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IMF Poverty Reduction and Growth Trust

Statement made on 12 May 2020

Statement UIN HLWS225


My right honourable friend the Chancellor of the Exchequer (Rishi Sunak) has today made the following Written Ministerial Statement.

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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IMF Poverty Reduction and Growth Trust
Rishi Sunak
The Chancellor of the Exchequer
Conservative, Richmond (Yorks)
Statement made 12 May 2020