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Search words: catholic IMF Executive Board Approves Creation of $650 Billion Global Reserve Funds
international |
politics / elections |
press release
Friday July 09, 2021 15:00 by Olivia Engling - Jubilee USA
The International Monetary Fund Executive Board agreed to create $650 billion of emergency currency known as Special Drawing Rights (SDRs) to help countries deal with the fallout from the coronavirus health and economic crises. The IMF’s main governing body, the Board of Governors, will take a final vote in coming weeks to move forward the SDRs creation. In a statement, IMF Managing Director Kristalina Georgieva indicated she expects the allocation as soon as August. Critical COVID Aid Could Reach Developing Countries in August |