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IMF approves historic US$650bn SDR allocation

  • IMF passes last hurdle to SDR allocation, the largest in Fund history, after approval by Board of Governors yesterday

  • Allocation effective 23 August; Fund still exploring ways to channel surplus SDRs from rich to poorer countries

  • Main beneficiaries of SDR allocation are Zambia, Venezuela, Suriname, Bahrain, Ecuador, Belarus, Gabon and REPCON

IMF approves historic US$650bn SDR allocation
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
3 August 2021
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