Papua New Guinea, IMF reach staff-level deal to release $265 million for climate change

Papua New Guinea, IMF reach staff-level deal to release $265 million for climate change

Papua New Guinea authorities and the International Monetary Fund team have reached a staff-level agreement for access of about $265 million to improve resilience to climate change, the IMF said in a statement on Tuesday.

The IMF said its executive board will consider the request in the coming weeks.

This article was produced by Reuters news agency. It has not been edited by Global South World.

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