IMF allocation of USD 650 billion in currency reserves unlikely to solve immediate covid funding crisis

News September 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.

Kristalina Georgieva IMF - at G20 global health summit May 21 2021.jpg — Kristalina Georgieva, IMF Managing Director at G20 Global Health Summit on May 21, 2021 (Photo: IMF)

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IMF allocation of USD 650 billion in currency reserves unlikely to solve immediate covid funding crisis

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