G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations

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G7 eyes allocating $100 billion from IMF funds...
 © CyprusMail 2021
The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund’s war chest to help countries struggling most to cope with the COVID-19 crisis, the White House said.

The issue will be on the table when G7 leaders discuss how to help steer the world’s recovery from the coronavirus pandemic at a three-day summit in Cornwall, in southwestern England, which begins on Friday.

“The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR)...


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G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations


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Article Tags: allocating, billion, funds, covid, ravaged, nations,