IMF allocation of USD 650 billion in currency reserves unlikely to solve immediate covid funding crisis
NewsSeptember 08, 2021
/ By: Ann Danaiya Usher
Nordic governments have been issued USD 20 billion worth of Special Drawing Rights by the International Monetary Fund (IMF) as part of a historic allocation. While the IMF urges rich countries to channel some of these SDRs to countries devastated by the pandemic, the Nordics have no immediate plans to do so.
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