South Korea to provide $777 mn to IMF poverty fund (AFP)

Wednesday, February 16, 2011 5:01 PM By dwi

WASHINGTON (AFP) – South peninsula has united to wage a give of $777 meg to the International Monetary Fund for disposition to the worst IMF member states, the multilateral organisation said.

Seoul module wage the funds to the IMF as trustee of the Poverty Reduction and Growth Trust for "new give resources for low-income countries," the IMF said in a evidence Wednesday.

An IMF try declared in July 2009 seeks more than $1.6 billion for the program, created in 1999 with a content of impoverishment reduction in its worst member countries.


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