
The IMF wants the money to relieve poverty in Africa and around the world
The International Monetary Fund (IMF) has said it will take "unprecedented" measures to help poor countries cope with the economic downturn.The IMF said it will boost lending by up to $17bn (£10.4bn) between now and 2014 and suspend interest on some loans to low income countries until 2011.
It plans to sell some of its gold reserves to raise funds for the loans.
The measures are partly in response to calls from the G20 countries at their April summit for greater lending.
"This is an unprecedented scaling up of IMF support for the poorest countries, in...