Special Drawing Rights

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Developing countries to receive $275bn as IMF commences distribution of $650bn SDRs

Developing countries are expected to receive $275 billion dollars out of the International Monetary Fund’s (IMF) $650 billion dollars Special…

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UN chief welcomes IMF’s decision to approve $650bn SDRs allocation

UN Secretary-General, António Guterres, on Tuesday welcomed the decision by the International Monetary Fund (IMF) to approve a 650 billion…

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IMF approves largest SDR allocation in history 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.…

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