IMF’s Georgieva lauds Japan’s contribution to low-income trust,…

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MARRAKECH, Morocco, Oct 12 (Reuters) – Japan made a “very impressive pledge” to an International Monetary Fund account that provides subsidies to enable zero-interest rate loans to the poorest countries, IMF Managing Director Kristalina Georgieva said on Thursday.

The pledge made Japan the single largest donor – accounting for 20% – of the account that covers the interest payments on loans under the fund’s Poverty Reduction and Growth Trust (PRGT), Georgieva told a news conference at the annual meetings of the IMF and World Bank. (Reporting by Andrea Shalal; Editing by Andrew Cawthorne)

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