BERLIN — Germany pledged 3 billion euros ($3.4 billion) at a meeting of G20 finance ministers to help the world's poorest countries, the finance ministry said on Saturday. The funds will be made available as long-term loans for the International Monetary Fund's Poverty Reduction and Growth Trust (PRGT). In April, IMF officials said they had received pledges of a combined $11.7 billion from Australia, Japan, Canada, France and Britain to replenish the PRGT. The United States has not yet pledged any money for the programme. "With the funds ... low-income countries can receive greatly discounted loans and bridge liquidity bottlenecks," the German finance ministry said.

Source: International New York Times July 18, 2020 15:11 UTC