Poverty Reduction and Growth Facility

The Poverty Reduction and Growth Facility (PRGF) is an arm of the International Monetary Fund which lends to the world's poorest countries.[1] It was created on September 16, 1999, replacing the Enhanced Structural Adjustment Facility.[2][3] In 2009 the organization sold 212 metric tons of gold in separate off-market transactions and then gradually sold 191.3 tons of gold to fund the SDR 1¼ billion yearly lending program to the targeted nations.[4]

References

  1. ↑ Shahwan, Najla (2 May 2022). "What's the goal of IMF's new fund for low-income countries?". Daily Sabah. Archived from the original on 4 May 2022. Retrieved 18 January 2023.
  2. ↑ "Profile: IMF and World Bank". 2012-04-17. Retrieved 2026-04-09.
  3. ↑ "SAPs in Disguise: Modern IMF Programs Have Similar Negative Effects to their Criticized Predecessors | International Law and Policy Brief". studentbriefs.law.gwu.edu. Retrieved 2026-04-09.
  4. ↑ International Monetary Fund. (16 March 2021). "Factsheet: Gold in the IMF". IMF website Retrieved 20 June 2021.
This page is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.