United Nations, April 17 (SocialNews.XYZ) UN Secretary-General Antonio Guterres has welcomed the creation of the Resilience and Sustainability Trust (RST) by the International Monetary Fund (IMF), said his spokesman.
Guterres congratulated IMF Managing Director Kristalina Georgieva and the Executive Board for approving the new RST effective May 1, Xinhua news agency reported, citind a statement by spokesman Stephane Dujarric.
"The RST builds in a long-term perspective and will support developing countries and vulnerable middle-income countries in addressing issues such as climate change and the protracted COVID-19 pandemic, while also improving resilience to future shocks," the statement said.
"A long-term perspective is needed if we are to address not only the current three-dimensional crises but retain hope of rescuing the Sustainable Development Goals," it added.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz