In August 2021, the International Monetary Fund (IMF) increased its allocation of special drawing rights (SDRs) to member countries by 456 billion units, equivalent to about US$650 billion. This ...

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday threw her support behind a new allocation of the IMF's own currency, or Special Drawing Rights, but said broad parameters were ...

Following their efforts at the IMF and World Bank meetings in April, African finance ministers, have once again called for reforms to the SDR system during the general assemblies of the AfDB to ...

In August, the International Monetary Fund announced the largest allocation of Special Drawing Rights (SDRs) in its history. IMF Managing Director Kristalina Georgieva said the allocation, worth about ...

WASHINGTON, April 12 (Reuters) - Japan has pledged to double the percentage of International Monetary Fund Special Drawing Rights monetary reserves that it will reallocate to poorer countries to 40%, ...

While conflict in Iran is raging, and sending shockwaves to security situation in the region, oil shock, among other negative consequences produced for trade and gas supply will likely be a nightmare ...