July 18, 2020 / 3:10 PM / 20 days ago

At G20, Germany pledges 3 billion euros for poor countries

BERLIN, July 18 (Reuters) - Germany pledged 3 billion euros ($3.4 billion) at a meeting of G20 finance ministers to help the world’s poorest countries, the finance ministry said on Saturday.

The funds will be made available as long-term loans for the International Monetary Fund’s Poverty Reduction and Growth Trust (PGRT). ($1 = 0.8752 euros) (Reporting by Christian Kraemer; Writing by Tom Sims; Editing by Kevin Liffey)

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