G20 gives IMF green light for new SDR allocation

G20 gives IMF green light for new SDR allocation

International Monetary Fund (IMF) Economy & Policy Debt Latin America Coronavirus

The G20 has agreed to allow the International Monetary Fund (IMF) to work on a new allocation for $500 billion in special drawing rights (SDRs), IMF Managing Director Kristalina Georgieva said on Tuesday. "We finally, last Friday, at the G20 meeting, got a green light to work on a new SDR allocation, $500 billion in which each and every member of the IMF will receive its own share, immediately contributing to your reserves and your capacity to be bold in your public action," Georgieva said durin

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial