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IMF Managing Director Announces the US$650 billion SDR Allocation Comes into Effect

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Washington: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) made the following statement today: “The largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion—comes into effect today. The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented […]