xi's moments
Home | Americas

IMF chief says ‘confident‘ to distribute new SDR by mid-August

Xinhua | Updated: 2021-04-15 09:42


WASHINGTON -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that she is "confident" the IMF will distribute a new allocation of Special Drawing Rights (SDR) to member countries by mid-August.

"It is a remarkable demonstration of multilateralism" that the IMF membership has agreed to support a new SDR allocation of 650 billion US dollars, the largest in the history of the IMF, Georgieva said in an exclusive interview with Xinhua on Tuesday.

"In comparison, in the midst of the global financial crisis, the membership allocated 250 billion dollars to help countries deal with the consequences of this crisis," she said.

Georgieva said she has committed by the end of June to make a proposal on the new SDR allocation to the IMF board of directors. Once the proposal is approved, it will be submitted to the IMF board of governors for a final vote.

"Given that we all are under pressure to act for the exit from the crisis, I am confident that sometime in summer, by mid-August, the new allocation will be distributed to our membership," she said.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349