Poor Nations to Get More IMF Loans

The International Monetary Fund intends to scale up its funding for low-income nations to some $17 billion in the next five years. The global lender, according to the

, plans to offer another $8 billion over the next two years, surpassing the G-20's previous request of doubling concessionary lending to $6 billion over the same period.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.