IMF chief says G20 has agreed to raise Special Drawing Rights allocation
The move is a way to provide liquidity to poor countries hit hard by the Covid-19 pandemic without increasing their debt levels
02 March 2021 - 20:35
London — G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund's own special drawing rights (SDRs) currency, IMF MD Kristalina Georgieva said on Tuesday, in a potential boost for lending to poor countries.
“We finally last Friday at the G20 meeting got a green (light) to work on a new SDR allocation,” Georgieva said during the IMF's African Fiscal Forum, broadcast online...
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