20-April-2024
Economy News
 
IMF will explore options for re-allocating reserves to raise $100 billion for poor countries
14-Jun-2021

The International Monetary Fund on Sunday welcomed the Group of Seven’s support for expanding the global lender’s emergency reserves by $650 billion and said it would work with members on ways to provide $100 billion to the poorest countries. IMF Managing Director Kristalina Georgieva, in a statement, said the $650 billion allocation of Special Drawing Rights, the largest ever, would help boost global reserves and allow countries to fund needed fiscal measures to exit the pandemic.

News Source:- https://www.financialexpress.com/economy/imf-will-explore-options-for-re-allocating-reserves-to-raise-100-billion-for-poor-countries/2270761/