More financial power for developing countries

Berensmann, Kathrin
Externe Publikationen (2021)

in: Development and Cooperation (10), 15

At the end of August, the International Monetary Fund (IMF) approved a $ 650 billion allocation of special drawing rights (SDRs). All 189 IMF members will benefit from the increase, receiving substantial financial resources for fighting the Covid-19 crisis. Rich nations will receive proportionately more SDRs and should voluntarily make a share available to poorer countries.