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The International Monetary Fund has authorised a USD 650 billion expansion of the 190-nation lending institution s resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic. IMF Managing Director Kristalina Georgieva on Thursday said the USD 650 billion increase in reserves is the largest in IMF history. The move will provide badly needed reserves for poor countries struggling with deep recessions caused by the pandemic and the need to obtain and administer millions of doses of vaccines, she said. By comparison, to combat the global recession that followed the 2008 financial crisis, the IMF agreed to an increase of USD 250 billion in the IMF s reserves of what are known at the agency as Special Drawing Rights. ....
IMF policy panel endorses $650-bn increase in resources PTI Washington | Updated on × ‘Move will provide badly needed reserves for poor countries struggling with deep recessions caused by the pandemic and the need to obtain and administer millions of doses of vaccines’ The International Monetary Fund has authorised a $650-billion expansion of the 190-nation lending institution’s resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic. IMF Managing Director Kristalina Georgieva on Thursday said the $650 billion increase in reserves is the largest in IMF history. The move will provide badly needed reserves for poor countries struggling with deep recessions caused by the pandemic and the need to obtain and administer millions of doses of vaccines, she said. ....
IMF policy panel endorses $650 billion increase in resources mbtmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mbtmag.com Daily Mail and Mail on Sunday newspapers.
IMF policy panel endorses $650 billion increase in resources timesunion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesunion.com Daily Mail and Mail on Sunday newspapers.
IMF policy panel endorses $650 billion increase in resources nwitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwitimes.com Daily Mail and Mail on Sunday newspapers.