In August, the International Monetary Fund announced the largest allocation of Special Drawing Rights (SDRs) in its history. IMF Managing Director Kristalina Georgieva said the allocation, worth about ...

The World Bank estimates that COVID-19 could push between 143 and 163 million people into extreme poverty around the world in 2021, including nearly 50 million people in sub-Saharan Africa. And the ...

IMF credit is extended to its members in both currencies and SDRs. Credit extended in currencies is financed from the quota resources made available to the IMF by members, and essentially involves a ...

SINGAPORE – The Singaporean Parliament on Feb 4 approved a contribution of US$34.7 million (S$44.1 million) to two International Monetary Fund (IMF) grants aimed at helping vulnerable member countries ...

IMF, SDRs and more sabre rattling. The talk about the need for an alternative to the USD continues – or it doesn’t, depending on which Chinese official you speak to on the day ...

The IMF became a major source of economic recovery financing post-COVID-19 pandemic, but repayments and interest are now tightening fiscal space across the continent Global IMF debt stood at SDR 118 ...

Late Monday night the IMF announced the results of its five-yearly review of the composition and weightings of Special Drawing Rights. The surprise – or not – is that very little will change from ...