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Whither or Wither the PRGT? Funding Options for a Cash-Strapped PRGT

The IMF’s Poverty Reduction and Growth Trust (PRGT) faces large financing needs. Unprecedented levels of lending since the start of the pandemic – four to five times higher than before the pandemic – have seriously depleted the PRGT’s subsidy resources. If these are not replenished, the PRGT’s lending capacity from 2025 onwards could collapse to well below its pre-pandemic level.
United Kingdom Andrew Ghattas Growth Trust Sustainability Trust Central Bank Gold Agreement General Resources Account
Source: cgdev.org

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Saudi Crown Prince, Indian PM review means to deepen bilateral strategic relations

The Crown Prince and Prime Minister of the Kingdom of Saudi Arabia His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud paid a State visit to India on September 11, 2023 at the invitation of Prime Minister of the Republic of India Shri Narendra Modi.
France General New Delhi Saudi Arabia Kingdom Of Saudi Arabia Republic Of Yemen Republic Of India
Source: dnd.com.pk

india g20: G20 summit agrees on words but struggles on action

The Group of 20 (G20) summit over the weekend resulted in a compromise over the war in Ukraine but little progress on global financial issues. The inclusion of the African Union as a new member was seen as a victory for developing economies. The summit declaration avoided condemning Russia for the war in Ukraine but called on all states not to use force to grab territory.
New Delhi United States Black Sea Oceans General United Kingdom South Africa

Analysis-G20 summit agrees on words but struggles on action

The Group of 20 major economies reached a hard-fought compromise over the war in Ukraine and papered over other key differences in a summit declaration at the weekend, presenting few concrete achievements in its core remit of responses to global financial issues. Diplomats and analysts said the surprise consensus in the summit statement on the Russia-Ukraine conflict avoided a split in the group, and the inclusion of the African Union as a new member represented a victory for host India and fo...
United States South Africa United Kingdom Black Sea Oceans General New Delhi
Source: yahoo.com

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