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Monday 23 August 2021

Historic IMF SDRs allocation to members comes into effect

Historic IMF SDRs allocation to members comes into effect: The International Monetary Fund (IMF) said the historic $650 billion Special Drawing Rights (SDRs), considered as “a significant shot in the arm for the world” comes into effect on Monday. According to IMF Managing Director, Kristalina Georgieva, the SDR allocations to member nations will provid ...

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