The IMF plans to raise at least $45 billion for a new trust to help "low-income and vulnerable middle-income countries" cope with protracted challenges like pandemics and climate change, it announced Wednesday.
The Washington-based crisis lender's Resilience and Sustainability Trust (RST) will come into effect May 1, and is in addition to a $650 billion boost to reserve assets called Special Drawing Rights (SDR) allocated earlier this year.
