Switzerland agrees extra $825 million for IMF poverty fund

Switzerland has agreed an extra 800 million Swiss francs ($825 million) for the International Monetary Fund to support economic reforms in poorer countries. The cash, which needs parliamentary approval, will be made available for the IMF's Poverty Reduction and Growth Trust (PRGT), which provides loans to support economic growth in countries like Afghanistan and Bangladesh. The money comes on top of the nearly 900 million francs already committed by Switzerland to the PRGT.