Exclusive: IMF exploring creation of new trust to provide SDRs to broader group of countries – Georgieva By Reuters – Investing.com

Exclusive: IMF exploring creation of new trust to provide SDRs to broader group of countries – Georgieva By Reuters – Investing.com

By Andrea Shalal

WASHINGTON (Reuters) - The International Monetary Fund is exploring creation of a new trust that could allow its members to lend their IMF reserves to a broader range of countries, including middle-income countries vulnerable to climate change, IMF chief Kristalina Georgieva said on Sunday.

Georgieva said leaders of the Group of Seven rich economies had given the IMF a 'green light' to keep working on the plan, and China - the world's second largest economy - had also expressed interest, along with middle income countries that could benefit from such a fund.