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IMF Resilience Trust to Mitigate Future Climate, Pandemic Crises?

In the face of climate change and the Covid-19 pandemic, the International Monetary Fund (IMF) has called for investment in pandemic preparedness and response which can reduce the risk of similar events in future whose costs may overwhelmingly dwarf current government budgets.

The IMF's Resilience and Sustainability Trust (RST) aims to help low-income and vulnerable middle-income countries build resilience to external shocks and ensure sustainable growth, contributing to their longer-term balance of payments stability.

According to the major financial agency, the RST complements their existing lending toolkit by providing longer-term, affordable financing to address these longer-term challenges.

InFocus

Bruno Sanchez-Andrade Nuño / Flickr (CC BY 2.0)

(file photo).

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