In addition, the IMF (in close co-operation with the World Bank) is actively working on raising the living standard of the low-income countries and on reducing poverty. Within the scope of this activity, different initiatives have been taken. For example, the Fund provides financial support to the poorest countries through its concessional lending facility, the Poverty Reduction and Growth Trust (PRGT), the Heavily Indebted Poor Countries (HIPC) Initiative, participates in the Multilateral Debt Relief Initiative (MDRI) and supports through its Policy Support Instrument (PSI) designing macropolicy.


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