IMF says hopes to start lending from new resilience trust in October

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WASHINGTON — The International Monetary Fund said on Thursday it hopes to begin lending from its new Resilience and Sustainability Trust (RST) for vulnerable low and middle-income economies in October at the time of its annual meeting.

IMF spokesman Gerry Rice told a news briefing that funding pledges for the new RST, for which about three quarters of IMF members will be eligible, have now reached about $37 billion. The Fund hopes to reach its initial goal of $45 billion soon, he added. (Reporting by David Lawder)

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