IMF approves $650bn SDR allocation to combat COVID-19 crisis
The International Monetary Fund (IMF) has approved a new allocation of Special Drawing Rights (SDR) equivalent to 650 billion U.S. dollars to combat COVID-19 crisis. The allocation is the largest in the IMF’s history for the containment of COVID-19 pandemic. “This is a historic decision, the largest SDR allocation in the history of the IMF…

