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IMF’s Georgieva Says $ 100 Billion Reserves Lending Target “Very Achievable”

WASHINGTON, Oct 14 (Reuters) – International Monetary Fund Managing Director Cristalina Georgieva said the $ 100 billion target for rich countries to divert the entity’s new monetary reserves to poorer nations seems “very, very achievable, “given the promises you’ve seen so far.

Georgieva argued at a CNBC event that some countries have decided to match France’s promise to divert 20% of its share of a $ 650 billion allocation from the IMF’s Special Drawing Rights to finance services designed to provide them to poorer countries.

Others have promised “high ambition” to do so at the IMF’s annual meetings this week.

(Report by David Lawder. Edited in Spanish by Javier Leira)

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