Commons Sense

House of Commons · Written Ministerial Statement

IMF Poverty Reduction and Growth Trust

12 May 2020 · Treasury

Proposed by Rishi Sunak Con Richmond and Northallerton

Economy

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • UK increases its lending commitment to the IMF's Poverty Reduction and Growth Trust by an additional 2.2 billion.
  • The total UK commitment to the Trust now stands at up to 4.4 billion.
  • Rishi Sunak, MP for Richmond and Northallerton, made the announcement in a Written Ministerial Statement.

Issue summary

The statement is about the UK's financial commitment to the International Monetary Fund's Poverty Reduction and Growth Trust.

Action requested

The Government have increased the UK’s lending commitment to the IMF’s Poverty Reduction and Growth Trust by an additional £2.2 billion, bringing the total commitment to up to £4.4 billion.

Key facts

  • The UK has augmented its agreement with the International Monetary Fund's Poverty Reduction and Growth Trust by £2.2 billion.
  • This increases the total UK agreement to up to £4.4 billion.
  • A copy of the agreement will be deposited in the Libraries of both Houses.
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