Reuters and Yahoo Finance quote Eric LeCompte on the benefit of the U.S. loaning $21 billion to the International Monetary Fund (IMF)’s Poverty Reduction and Growth Trust (PRGT). Read an excerpt below or the full article here.
Treasury's Yellen says funding bill allows lending of $21 bln to IMF trust
Eric LeCompte, executive director of Jubilee USA Network, welcomed the U.S. funding for the PRGT, noting the trust had a history of bipartisan support.
"Increasing resources for efficient programs like this can lift people out of poverty in developing countries," he said.
No comment was immediately available from the IMF.
Read more here.