Germany Pledges Extra $3.4Bln to IMF Coronavirus Response Initiative

BERLIN (Sputnik) - Germany will give the International Monetary Fund an additional 3 billion euros ($3.4 billion) in funding to help poorer countries deal with the pandemic, the Finance Ministry said.

"We are again massively increasing our contribution to coronavirus aid measures. Olaf Scholz announced at the G20 meeting that Germany will give the IMF aid program an additional 3 billion euros. It's a strong message of solidarity," the ministry tweeted.

The pledge was made at Saturday's virtual meeting of G20 finance ministers and central bank governors attended by Germany's chief financier Olaf Scholz.

The pledged donation comes on top of the 8.7 billion euros that Germany will disburse to the IMF Poverty Reduction and Growth Trust in 2020-2021.