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IMF.org

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IMF approves first batch of climate resilience loans

Jamaica is the latest country to get IMF board approval for loans under the Resilience and Sustainability Trust (RST), following the acceptance of Costa Rica, Barbados, Rwanda and Bangladesh in the last six months.
The multi-million-dollar finance packages vary for each country, from $183 million for Barbados to $1.4 billion for Bangladesh, and recipients have different ideas of how they will spend the money.
The RST fund, set up last year, was aimed at redistributing affordable finance from rich to poorer countries, along with policy support to manage macro-economic climate risks. The IMF believes it can also catalyse essential private sector financing to boost climate action and to decarbonise financial markets.



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17 more agrees trigger contact with the recipient

  • Ken Makau

    7 w

    I am interested to know how far this has gotten and if the loans are already working

    • Patrik Lobergh

      65 w

      👍👍👍

      6
      • Daniel Waweru

        65 w

        Climate addressing measures should be tackled with urgency, This is encouraging.

        6
        • Tabitha Kimani

          65 w

          A very important assistance to poor countries to enable them take climate change actions.

          8
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