UK finalises $3.3bn pledge to IMF sustainability trust

Additional $500m loan to Ukraine

The UK has finalised its total pledge to the International Monetary Fund’s Resilience and Sustainability trust, committing $3.3bn to RST.

The trust supports projects in developing countries to combat climate change, future pandemics and energy insecurity. Speaking at the IMF Spring meeting in Washington DC yesterday (12 April), Chancellor Jeremy Hunt said the UK would also be delivering $670m (£535m) to the IMF's Poverty Reduction and Growth trust, as well as provide an additional $500m in UK-guaranteed loans to Ukraine. In total, the UK has now given $2bn to the IMF's Poverty Reduction and Growth Trust, and the total amount pledged to Ukraine has risen to £6.5bn. IMF: Rate hikes are eroding trust in financial inst...