Devex Features Eric LeCompte on Yellen s Support for SDRs
February 25, 2021
Devex quotes Eric LeCompte on Yellen s letter to G20. Read an excerpt below, and click here for the full story.
In Brief: US Treasury indicates support for SDRs in letter to the G-20
By Adva Saldinger
The likelihood of a new issuance of International Monetary Fund Special Drawing Rights providing liquidity to low-income countries rose dramatically Thursday as the U.S. signaled its support.
In a letter to members of the G-20 group of nations, U.S. Treasury Secretary Janet Yellen said that a new allocation of SDRs could facilitate “much-needed health and economic recovery efforts” for low-income countries and that the U.S. looks forward to “discussing potential modalities for deploying SDRs.”
By Reuters Staff
1 Min Read
FILE PHOTO: Britain s Chancellor of the Exchequer Rishi Sunak talks during a TV interview in London, Britain November 22, 2020. REUTERS/Simon Dawson
LONDON (Reuters) - Britain on Friday backed work on a new allocation of the International Monetary Fund’s Special Drawing Rights currency that would help poorer countries.
“During today’s G20 Finance ministers meeting I stressed the importance of supporting vulnerable countries, and expressed my desire for work on a new IMF Special Drawing Rights allocation which gives additional financing to low income countries to help their response and recovery,” finance minister Rishi Sunak tweeted.
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday told Italy's central bank governor that she would work closely with G20 chair I.
Yellen says to work with Italy, G20 on improving low-income country support metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
Yellen says to work with Italy, G20 on improving low-income country support msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.