International


IMF approves largest SDR allocation in history to boost global liquidity

IMF approves largest SDR allocation in history to boost global liquidity

The board of governors of the International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to 650 billion U.S. dollars, the largest allocation in the IMF’s history, in an effort to boost global liquidity amid the COVID-19 pandemic, according to an IMF statement released Monday. “This is a

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