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.
READ ALSO: COVID-19: IMF Approves Debt Relief For 25 Countries
“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.
