Poverty Reduction and Growth Facility

In today's article we are going to talk about Poverty Reduction and Growth Facility, a topic that has undoubtedly generated interest and controversy in recent times. Poverty Reduction and Growth Facility is a topic that has captured the attention of experts and the general public, since it impacts different aspects of our daily lives. Throughout this article, we will explore the different facets of Poverty Reduction and Growth Facility, from its history and evolution to its impact on today's society. Additionally, we will examine possible solutions and alternatives to address the challenges associated with Poverty Reduction and Growth Facility. Lastly, we will look at how Poverty Reduction and Growth Facility has influenced the world today and what we can expect in the future.

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The Poverty Reduction and Growth Facility (PRGF) is an arm of the International Monetary Fund which lends to the world's poorest countries. It was created on September 16, 1999, replacing the Enhanced Structural Adjustment Facility. In 2009 the organization sold 212 metric tons of gold in separate off-market transactions and then gradually sold 191.3 tons of gold to fund the SDR 1¼ billion yearly lending program to the targeted nations.

References

1. ^ Shahwan, Najla (2 May 2022). "What's the goal of IMF's new fund for low-income countries?". Daily Sabah. Archived from the original on 4 May 2022. Retrieved 18 January 2023.
2. ^ International Monetary Fund. (16 March 2021). "Factsheet: Gold in the IMF". IMF website Retrieved 20 June 2021.

External links

• IMF Factsheet: The Poverty Reduction and Growth Facility