Financials Aug 03, 2021 07:40 AM (GMT+8) · EqualOcean
On August 2 local time, the board of Governors of the International Monetary Fund approved the universal distribution plan of special drawing rights of about 650 billion US dollars. The current round of universal allocation of SDRs will take effect on August 23, 2021. The newly generated SDR will be provided to member states according to the proportion of the existing share. About $275 billion was provided to emerging market and developing countries. Christina Georgieva, President of the International Monetary Fund, said that the International Monetary Fund will also consider establishing a new "resilience and sustainability trust fund" to help low-income countries recover their economies.

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