Washington: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that 44 countries have shown interest in joining the IMF’s USD 40 billion Resilience and Sustainability Trust (RST). Created a year ago, the program aims to promote sustainable economic policies by providing financial support to low-income and vulnerable middle-income countries and responding to systemic risks such as climate change. At an event held Monday afternoon at the start of the IMF and World Bank Spring Meetings week, Ms. Georgieva said the strong demand for the RST program underscores the urgent need for global cooperation to mobilize trillions of dollars of investment to get the world on a net-zero emissions trajectory. underlines.
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