Yahoo! UK & Ireland, in its September 29, 2012 article, reports that $2.7 bn IMF gold sales profits to help poor.
Extract :
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The International Monetary Fund approved Friday $2.7
billion in gold sales profits to boost financing to low-income countries.
The IMF executive board earmarked the money for the
global lender's concessional lending program, the Poverty Reduction and
Growth Trust.
The distribution of the windfall profits will occur
"only when members have given satisfactory assurances that an amount
equivalent to at least 90 percent of the
distribution will be made available to the PRGT," the institution said
in a statement.
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