Help low-income countries use SDRs effectively to fight Covid, India to IMF

SDR is an international reserve asset created by IMF to supplement its member countries' official foreign exchange reserves. The international financial institution had in August approved by far the largest allocation of SDR 456.5 billion - equivalent to about $650 billion - to help countries cope with the impact of the Covid-19 pandemic.

from Economy-News-Economic Times https://ift.tt/2YYaJUc