IMF Outlines $50 Billion Climate and Resilience Lending Plan.

Keywords: 13347Z; ALLTOP; BON; BUSINESS; CLIMATE; ECOTOP; FRX; GLOBALMACR; GOV; MARKETS; WWTOP; WWTOPAS; WWTOPEU EN 13347Z ALLTOP BON BUSINESS CLIMATE ECOTOP FRX GLOBALMACR GOV MARKETS WWTOP WWTOPAS WWTOPEU International Monetary Fund officials outlined plans for a proposed $50 billion lending trust focused on climate change and sustainability, providing the greatest detail so far on a key initiative that the institution aims to put in place this year. The trust would be funded by richer nations channeling their IMF reserves -- known as special drawing rights, or SDRs -- to poorer ones, and would need to mobilize $50 billion to meet projected demand, the officials said. [Extracted from the article]