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Nearly two years have passed since the G20 committed to recycling $100 billion of Special Drawing Rights (SDRs) from advanced economies to support more vulnerable countries. The most recent allocation of SDRs, the international reserve asset issued by the International Monetary Fund (IMF), was intended to provide urgent support to countries affected by the COVID pandemic, but the allocation formula meant higher-income countries received most of the SDRs issued hence the G20’s promise. ....
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