© . FILE PHOTO: International Monetary Fund (IMF) Director Kristalina Georgieva attends UN Climate Change Conference (COP26) in Glasgow, Scotland, UK, Nov. 3, 2021. REUTERS/Yves Herman WASHINGTON () – The International Monetary Fund said its executive. The board of directors on Wednesday approved the creation of a new facility to help low-income and vulnerable middle-income countries deal with longer-term challenges such as climate change and pandemics. IMF director Kristalina Georgieva announced the approval of the Resilience and Sustainability Trust in a statement after the board meeting and said it would take effect from May 1. by allowing wealthier members to channel their emergency reserves to countries where needs are greatest. The goal was to build a trust of at least $45 billion, she said.
