IMF rescue

FMI al rescate

The IMF Will Come To The Rescue

Carlos de Sousa (Vontobel) | Early on in the pandemic the IMF attempted to expand its allocation of Special Drawing Rights (SDRs) to its member states, to help developing countries cope with the crisis and provide additional global liquidity. The Trump administration blocked this effort at the time, but now the Biden administration is in charge, a consensus appears to be building among the G7 nations regarding the approval of a $500 Bn of SDR allocation.