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IMF board backs new SDR allocation to support pandemic recovery
CGTN

The executive board of the International Monetary Fund (IMF) has approved a proposal for a new general Special Drawing Rights (SDR) allocation of $650 billion, the largest allocation in IMF history, to help members recover from the COVID-19 pandemic, IMF Managing Director Kristalina Georgieva said on Friday.

Source(s): Xinhua News Agency

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