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At a critical moment in April, you asked the International Monetary Fund to use some of the profits from its proposed gold sale to help the world’s poorest countries when they were all but forgotten during this global financial crisis.
Bob Geldof delivered petition signatures from more than 50,000 ONE members to IMF head Dominique Strauss-Kahn.
And following intense negotiations between the IMF, the US Treasury, House Financial Services Committee Chair Barney Frank, and
ONE staff, a deal was announced last week that will increase IMF lending to poor countries—$8 billion in the next two years
alone – and keep interest rates very low, starting at 0% for the next two and a half years.
It’s an important step forward for the world’s poorest people, and the IMF has credited ONE with playing a leading role in making it happen.
I hope you’ll read all the details on the ONE blog and join the conversation: (click on line)
Thanks,
Tom Hart
Director of Government Relations, ONE.org