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 worldâ€™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 countriesâ€”$8 billion in the next two years
alone â€“ and keep interest rates very low, starting at 0% for the next two and a half years.
Itâ€™s an important step forward for the worldâ€™s poorest people, and the IMF has credited ONE with playing a leading role in making it happen.
Director of Government Relations, ONE.org