special drawing rights Archives

Nigeria to benefit as IMF proposes $50bn trust fund for low income countries

The International Monetary Fund (IMF) says it is proposing a $50 billion trust fund to help low and vulnerable middle-income countries build resilience and sustainability. The Washington-based institution said this

Akinwumi Adesina: G7 members agreed to allocate $100bn drawing rights for African countries

Akinwumi Adesina, president of the African Development Bank (AfDB), says G7 countries have agreed to allocate $100 billion special drawing rights (SDRs) to Africa. The International Monetary Fund (IMF) had proposed

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IMF mulls $650bn special drawing rights to boost countries’ reserves

The International Monetary Fund (IMF) says it will propose a $650 billion special drawing rights (SDR) to boost international reserves of its member countries. Kristinalina Georgieva, managing director of IMF,

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