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IMF: We are looking at options to allocate $100 billion to poor countries

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IMF: We are looking at options to allocate $100 billion to poor countries

Post by RamblerNash Mon Jun 14, 2021 8:15 pm

Kristalina Georgieva, Managing Director of the International Monetary Fund. "Internet"

06/14/2021

Economy News - Baghdad

The International Monetary Fund said that it will work with members to find ways to allocate $100 billion from the fund's emergency reserves to the benefit of poor countries.

The head of the International Monetary Fund, Kristalina Georgieva, said in a statement that the increase in the special drawing rights to $ 650 billion, the largest ever, would help support global reserves and would allow countries to finance the financial measures necessary to recover from the epidemic.

Georgieva added that she will work with IMF members in the coming months to identify ways for them to contribute to directing drawing rights or using loans to reach the goal of allocating $100 billion to the poorest countries.

https://economy-news.net/content.php?id=25391

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