Germany To Donate 3bn Euros To IMF

IMF managing director, Kristalina Georgieva, Germany’s donation would help replenish resources to support low income member countries.

IMF's managing director, Kristalina Georgieva / Photo credit: reuters.com
IMF's managing director, Kristalina Georgieva / Photo credit: reuters.com

The German government has pledged to donate the sum of 3bn euros to International Monetary Fund (IMF) to support poverty reduction and growth trust.

Wolfgang Schmidt, a State Secretary at Germany Finance Ministry, said a tweet on Saturday that this decision was reached at a virtual meeting of the G20.

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“At today’s virtual meeting of the @g20org FM&CBG, @OlafScholz announced: Germany will contribute 3bn Euro to @IMFNews’s Poverty Reduction and Growth Trust”, Schmidt tweeted.

Reacting to this in a tweet, IMF managing director, Kristalina Georgieva, appreciated German government

She said Germany’s donation would help replenish resources to support low income member countries.

She also called on other donors to act likewise and contribute for to the fund.

“I am very thankful to #Germany for the generous pledge to help the IMF replenish our concessional resources to support more low-income member countries. I call on other donors for additional contributions”, Georgieva tweeted.

Written by The Interview Editors

The Interview is a niche publication, targeting leaders and aspiring leaders in business, politics, entertainment, sports, arts, the professions and others within society’s upper middle class and high-end segment in Nigeria.

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