UAE allocates $200m to aid low-income nations in poverty reduction and growth

RIYADH: The UAE has pledged to allocate $200 million to stimulate economic growth and reduce poverty in low-income countries.  

This announcement was made during the International Monetary and Financial Committee meeting, held on the sidelines of the World Bank Group-International Monetary Fund Annual Meetings in Marrakech, Morocco, as reported by the state-run news agency WAM. 

The allocation is part of the UAE’s participation in the IMF’s Poverty Reduction and Growth Trust Facility, which aims to improve living conditions in developing nations.  

Established in 2010…