Business

IMF Releases US$650 Billion ‘Shot in the Arm’ for the Global Economy

WASHINGTON, DC, August 11, 2021 (ENS) – To address the global need for financial reserves during the current two-pronged public health and resulting financial crisis, the International Monetary Fund’s Board of Governors has approved a general allocation of Special Drawing Rights, SDRs, equivalent to US$650 billion. […]