Posted on

I.M.F. Board Backs $650 Billion Aid Plan to Help Poor Countries

Share

VENICE, Italy — The International Monetary Fund took a step on Friday toward easing widening global inequality and helping poor nations access vaccines, saying that its executive board approved a plan to issue $650 billion worth of reserve funds, which countries can use to purchase vaccines, finance health care and pay down debt.The decision comes at a pivotal moment as Covid-19 infections continue to spread among populations that have not been inoculated and as more contagious variants of the virus are posing new health threats. The pandemic has drained the fiscal resources of poor countries over the past year and the …

Read More