G20 agree to boost IMF war chest by $650 billion amid pandemic

New SDR allocation to increase PH foreign reserve – The Manila Times

The Philippines is expected to have more foreign reserves once the $650-billion special drawings rights (SDR) of the International Monetary Fund (IMF) would be approved.A sign is seen outside the headquarters of the International Monetary Fund (IMF) as the IMF and World Bank hold their Spring Meetings virtually due to the outbreak of COVID-19, known as coronavirus, in Washington, DC, April 15, 2020. / AFP / SAUL LOEBIn an email to The Manila Tim…

G20 pledges to step up aid to poor countries

Italian Minister of Economy and Finance Daniele Franco says the G20 supports the IMF's plan to increase its allocation of special drawing rights (SDR) by $650 billion

Debt-distressed countries will not be saved by the IMF’s $650 billion currency boost, economist says

The International Monetary Fund looks set to issue $650 billion in currency aid to countries hit hard by the coronavirus pandemic.

G20 agrees 'final extension' to $10 billion debt service suspension scheme

Developing countries stand to benefit from up to $10 billion in savings after the G20 group of wealthy nations announced on Wednesday (7 April) that it would extend its debt service suspension initiative (DSSI) which launched last May until the end of this year.

Major economies support $650 billion boost in International Monetary Fund resources

WASHINGTON >> Finance officials of the world’s major economies today agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support to vulnerable countries struggling to deal with a global pandemic.

G20 calls on IMF to prepare for new SDR allocation, agrees to extend debt relief through 2021 - People's Daily Online

A man walks past the International Monetary Fund headquarters in Washington, D.C., the United S