The Poverty Reduction and Growth Facility (PRGF) is an arm of the
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
which lends to the world's poorest countries. It was created on September 16, 1999, replacing the
Enhanced Structural Adjustment Facility. In 2009 the organization sold 212 metric tons of gold in separate off-market transactions and then gradually sold 191.3 tons of gold to fund the
SDR 1ΒΌ billion yearly lending program to the targeted nations.
[International Monetary Fund. (16 March 2021). "Factsheet: Gold in the IMF"]
IMF website
Retrieved 20 June 2021.
References
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External links
International Monetary Fund
International finance
International development
Intergovernmental organizations
Global policy organizations