Papua New Guinea, IMF reach staff-level deal to release $265 million for climate change

WASHINGTON — Papua New Guinea authorities and the International Monetary Fund team have reached a staff-level agreement for access of about $265 million to improve resilience to climate change, the IMF said in a statement on Tuesday.

The IMF said its executive board will consider the request in the coming weeks.

(Reporting by Kanishka Singh in Washington; Editing by Leslie Adler)