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International liquidity and SDRs
Box A from our Global Economic Outlook
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Pub. Date
10 May, 2021
Pub. Type
Downloads
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Authors
Dr Kemar Whyte
External Authors
Chrystal, Alec
Related Themes
Macro-Economic Modelling and ForecastingPublisher
NIESR, London
Key points
- The IMF is planning to issue a further $650 billion of SDRs.
- For the poorer countries, this issuance will be of considerable benefit as it will give them cheap and unconditional credit at a time of great economic stress.
- The proposed new allocation makes sense as a crisis support action, but it is enough for now and will probably be so for many years to come.
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